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Yulia Shilova and Dmitry Bogdan | An article for Corporate Lawyer journal

Yulia Shilova, advocate, head of a group of the Restructuring and Bankruptcy Practice of ART DE LEX law firm, in cooperation with Dmitry Bogdan, ART DE LEX junior lawyer, analyze the construction of a pledge by operation of law. A secured creditor has an advantage in bankruptcy, but a contract is not always required. Moreover, it is sometimes disadvantageous for a creditor to obtain this status. Read this article to find out what deserves attention in order to avoid risks and what other nuances of this process are.