The Conceptual Basis of the Priority of the Authorized Agency Compared to Creditors in Bankruptcy: A Generalization of the International Experience of Regulation of Fiscal Relation in Cases of Bankruptcy of the Taxpayer

Авторы

  • Stanislav S. Izvekov The Ural State Law University, 21, Komsomolskaya ul., Yekaterinburg, 620137, Russian Federation

DOI:

https://doi.org/10.21638/spbu14.2019.306

Аннотация

The subject of the study is the relation between tax legislation and bankruptcy legislation. The selected theme is seen sporadically in the analysis of certain issues in the framework of regulating legal relations arising in bankruptcy cases. The object of our study will be the public relations arising in the performance of the organization of tax liabilities of the bankrupt at the expense of property, including property pledged as collateral. Our objective was to attempt to overcome the existing gap in the legal regulation of the status of an authorized body as a mortgage lender, filling in the gaps in national law and harmonizing it with the legislation of other nations. In addition, the present work highlights the prospects of setting tax issues in cross-border bankruptcy cases on the example of the BRICS countries. We formulate the basic contradictions in the ratio of priority tax claims in the federal law of BRICS countries, assess the situation, direct state involvement in bankruptcy cases in other states, and outline ways of overcoming problems. The work used the comparative method in accordance with examples of cross-border bankruptcies that the national bankruptcy legislation adopted in BRICS countries. A proposal is made for granting the competent authority the same rights of secured creditors if the requirements about payment of obligatory payments are secured by a pledge of property of the taxpayer. The author also confirmed the divergence of national legislation on the ranking of creditors in some of the BRICS countries. In addition, we provide preconditions for the participation of the competent authorities of some countries in proceedings instituted in the territory of the other BRICS countries. The author made recommendations for the improvement of tax legislation and bankruptcy law which will also ensure the fiscal interests of the state.

Ключевые слова:

insolvency, cross-border insolvency, tax issues, obligatory payment, competition of international claims, equality of rights, authorized agency, the lender, the security of property, priority of claims

Скачивания

Данные скачивания пока недоступны.
 

Библиографические ссылки

References

Alain, David. 1993. “Preferences of the Tax Authorities and Bankruptcy Law in France”. Corporate Insolvency And Rescue: The International Dimension. Dennis Campbell and Anthony E. Collins (eds.). Quoted by: Weiss, Jonathan M. 2010. Tax Claims in Transnational Insolvencies: A “Revenue Rule” Approach. Accessed May 22, 2018. https://www.iiiglobal.org/sites/default/files/Jonathan_Weiss.pdf.

Araujo, A.P. et al. 2012. “The Brazilian bankruptcy law experience.” Journal of Corporate Finance, Elsevier vol. 18 (4): 994–1004. https://doi.org/10.1016/j.jcorpfin.2012.03.001.

Baird, Douglas G. 1992. The Elements of Bankruptcy. Westbury, New York: Foundation Press. https://catalog.lib.uchicago.edu/vufind/MyResearch/Storagerequest?bib=1305584&barcode=51167270&action=add.

Balz, Manfred. 1996. “The European Convention on Insolvency Proceedings.” American Bankruptcy Law Journal 70: 485. https://heinonline.org/HOL/LandingPage?handle=hein.journals/ambank70&div=30&id=&page=.

Bekker, A. 2002. “The State Will Stand in the General Queue of Creditors”. Vedomosti, January 29, 2002. (In Russian)

Berdeja-Prieto, Agustin. 1994. “Debt Collateralization and Business Insolvency: A Review of the Mexican Legal System.” University of Miami Inter-American Law Review 25(2): 227–282. https://repository.law.miami.edu/cgi/viewcontent.cgi?article=1406&context=umialr.

Borisenkova, Tat’iana V. 2005. “Three Russian Bankruptcy Law: a Balance Private and Public Interests”. Arbitrazhnyi i grazhdanskii protsess 9. http://www.consultant.ru/cons/cgi/online.cgi?req=doc;base=CJI;n=9894#012452346662776781.(In Russian)

Borisenkova, Tat’iana V. 2008. “The Ratio of Private and Public Interests at Legal Regulation of Bankruptcy of Legal Entities”. Synopsis of PhD. diss., Academy of National Economy. (In Russian)

Brezho, Marina A. 2005. “The Protection of State Interests in Case of Bankruptcy of Unitary Enterprises and Other Commercial Organizations with a Share of State Participation”. Synopsis of PhD diss., Russian Academy of Public Administration. (In Russian)

Day, Barbara K. 2000. “National Conference of Bankruptcy Judges.” American Bankruptcy Law Journal 74: 1–45. https://www.iiiglobal.org/sites/default/files/barbara%20day%20sovereign.pdf

Dobrovol’skii, A. A. 1914. A Set of General Provisions for Trading and Non-Trading Insolvency. Moscow.(In Russian)

Gerner-Beuerle, Carsten and Michael Schillig. 2010. “The Mysteries of Freedom of Establishment after Cartesio”. International & Comparative Law Quarterly 59 (2): 1–21. https://ssrn.com/abstract=1340964

Goncharov, Maksim V. 2010. “Criminal Liability for Causing Damage to Property by Deception in the Field of Taxation”. PhD. diss., Tambov State University named after G. R. Derzhavin. (In Russian)

Iadrikhinskii, Sergei A. 2015. The Mechanism Providing the Fulfillment of Obligations on Payment of Taxes: Problems of Theory and Practice. Moscow: Infra-M Publ. (In Russian)

Igolkina, Katerina N. 2013. “Collecting the Recovery Forced Fee”. PhD diss., Russian State Academy of Justice.(In Russian)

Imykshenova, Evgeniia A. 2005. Methods of Securing Tax Obligations Under the Tax Code of the Russian Federation. Moscow, Iurlitinform Publ. (In Russian)

Jackson, Thomas H. and Anthony T. Kronman. 1979. “Secured Financing and Priorities Among Creditors.” Yale Law Journal 88: 1143–1182. https://chicagounbound.uchicago.edu/cgi/viewcontent.cgi?article=11621&context=journal_articles.

Jackson, Thomas H. and Robert E. Scott. 1989. “On the Nature of Bankruptcy: An Essay on Bankruptcy Sharing and the Creditors’ Bargain”. Virginia Law Review. 75: 155–156. Quoted by: Eisenberg, Theodore. 1989. Commentary on “On the Nature of Bankruptcy”: Bankruptcy and Bargaining. Cornell Law Faculty Publications 422. Accessed May 22, 2018. https://scholarship.law.cornell.edu/cgi/viewcontent.cgi?article=1448&context=facpub.

Kamlah, Klaus. 1996. “The New German Insolvency Act: Insolvenzordnung”. American Bankruptcy Law Journal 70: 417–420.

Kasnitskaia, Inna Yu. 2008. “Criminally-legal Characteristic of Crimes in the Sphere of Taxation”. PhD diss., Tyumen Law Institute of the Ministry of Internal Affairs of the Russian Federation. (In Russian)

Khimichev, Viktor A. 2005. Protection of the Rights of Creditors in Bankruptcy. Moscow, VoltersKluver Publ. (In Russian)

Koral, Richard L. and Marie-Christine Sordino. 1996. “The New Bankruptcy Reorganization Law in France: Ten Years Later”. 70 American Bankruptcy Law Journal 70: 437. Quoted by: Weber, Robert К. 2005. Can the Sauvegarde Reform Save French Bankruptcy Law? A Comparative Look at Chapter 11 and French Bankruptcy Law from an Agency Cost Perspective. Michigan Journal of International Law 27: 257–285. Accessed May 22, 2018. https://digitalcommons.law.utulsa.edu/cgi/viewcontent.cgi?article=1083&context=fac_pub.

Lacey, David. 1993. “Preferential Claims of Government in English Insolvency Proceedings”. Corporate Insolvency And Rescue: The International Dimension. Kluwer Law and Taxation Publishers. Deventer Boston: 43–58. Quoted by: Morgan (Day), Barbara K. 2000. “Should the Sovereign Be Paid First? A Comparative International Analysis of the Priority for Tax Claims in Bankruptcy. National Conference of Bankruptcy Judges”. American Bankruptcy Law Journal 74. Accessed May 25, 2018. https://www.iiiglobal.org/sites/default/files/barbara%20day%20sovereign.pdf.

Laskina, Svetlana O. 2009. “Tax Liabilities in Bankruptcy”. Khoziaistvo i pravo 12: 63–78. (In Russian)

Laskina, Svetlana O. 2010. “Protection of the Legitimate Financial Interests of the State in Case of Bankruptcy of Legal Entities”. PhD diss., Russian Academy of Justice. (In Russian)

Latypova, Elena U. 2004. “The enforcement of the obligation to pay taxes and fees: financial and legal aspect”. PhD. diss., MGIMO University. (In Russian)

Leibfritz, Willi et al. 1995. “The Tax System of Germany.” Tax Notes International 2/6: 465–476.

Letin, A.V. 2003. “Cross-border Insolvency as the Object of the Science of International Private Law”. Gosudarstvo i pravo 8: 80–81. (In Russian)

Lopez-Ibor, Rocio A., Artes-Caselles, Joaquin. 2003. “Bankruptcy Proceedings and Government: Should Bankruptcy Law Grant Privileges to the Treasury”. Germanworking papers in Law and Economics. Paper 9. Quoted by: Day, Barbara K., Hon. Zulman, Ralph, Hon. Garrity, James. 2005. Report prepared by the Committee on Tax Priorities. Accessed May 22, 2018. https://www.iiiglobal.org/sites/default/files/barbara%20day.pdf.

Mokhova, Elena V. 2009. “Doctrine of Primary production Cross-border Insolvency of Legal Entities”. PhD diss., Russian Academy of Justice. (In Russian)

Mokhova, Elena V. 2009. The Doctrine of Modified Universalism as the Basis for the Regulation of Crossborder Insolvency: the Division of Authority between Courts of Different States. Moscow, Pashkov dom Publ.(In Russian)

Mokhova, Elena V. 2012. “Centre of Main Interests of the Debtor in Cross-border Insolvency: the Prospects for the Introduction in Russia of New Legal Frameworks”. Zakon 10: 111–127. (In Russian)

Mokhova, Elena V. 2013. “Needs and Prospects for Regulating Cross-border Insolvency in the Russian Federation”. Rossiyskoe pravosudie 4: 54–66. (In Russian)

Mokhova, Elena V. 2014. “Cross-border Bankruptcy: Russian Legal Realities and Perspectives”. Zakon 6: 62–73. (In Russian)

Mokhova, Elena V. 2014. “The Appeal in the Russian Court Deals Abroad Bankruptcy of the Debtor. Comment to the Decree of the Presidium of the SAC dated 12.11.2013 No. 10508/13 in the Case of AB Bank SNORAS”. Vestnik VAS RF 5: 48–66. (In Russian)

Mucciarelli, Federico M. 2011. Freedom of Reincorporation and the Scope of Corporate Law in the U.S. and the E.U. New York: New York University School of Law. http://dx.doi.org/10.2139/ssrn.1783607.

Mucciarelli, Federico M. 2014. “The Unavoidable Persistence of Forum Shopping in European Insolvency Law”. SSRN, January 7, 2014. http://dx.doi.org/10.2139/ssrn.2375654.

Paulus, Christoph G. 1998. “The New German Insolvency Code”. Texas International Law Journal 33: 141–144. https://www.questia.com/library/journal/1P3-28520015/the-new-german-insolvency-code.

Radygin, A. D. et al. 2005. The Institution of Bankruptcy: Development, Problems, Areas of Reforming. Moscow: IEPP-CEPRA Publ. (In Russian)

Rajak, Harry. 1997. “Book review. The law of insolvency”, 2nd ed. International insolvency review 6: 81–84. https://doi.org/10.1002/iir.3940060108.

Romero, Francisco. 2000. “The New Proposed Mexican Bankruptcy Law 26–27”. Paper delivered at the American Bankruptcy Institute 2000 Annual Spring Meeting. Quoted by: Phelan, Robin E., Beckham, Charles A. Jr. 2002. Cross-border insolvency with Mexico. Haynes and Boone (eds.), LLP. III Second Annual International Insolvency Conference Fordham University Law School: 17. Accessed May 22, 2018. https://www.iiiglobal.org/sites/default/files/3-_Cross_Border_Insolvency_with_Mexico.pdf.

Rossiyskaya gazeta. 2002. “Why rejected bankruptcy Law”. Rossiyskaya gazeta, August 07, 2002. (In Russian)

Rowat, Malcolm and Jose Astigarraga. 1999. Latin American Insolvency Systems, A Comparative Assessment. Washington, D.C.: World Bank Technical Paper. http://documents.worldbank.org/curated/en/692711468756991896/pdf/multi-page.pdf.

Sánchez-Mejorada, Carlos. 2000. Remarks at The American Law Institute, Seventy-Seventh Annual Meeting. Washington, D.C. Quoted by: Morgan (Day), Barbara K. 2000. “Should the Sovereign Be Paid First? A Comparative International Analysis of the Priority for Tax Claims in Bankruptcy. National Conference of Bankruptcy Judges”. American Bankruptcy Law Journal 74. Accessed May 25, 2018. https://www.iiiglobal.org/sites/default/files/barbara%20day%20sovereign.pdf.

Savel’eva, Tat’iana A. 1998. “Collateral Relationships and Their Effect Upon the Legislation of the Russian Federation”. PhD. diss., Tomsk State University. (In Russian)

Serlooten, Patrick. 2000. “Le Tresor Public, Creancier de l’Entreprise en Difficulte”. La Semaine Juridique Entreprises Et Affaires 1: 24–28.

Shershenevich, Gabriel’ F. 1890. The Doctrine of Insolvency. Kazan’. (In Russian)

Simpson, Jeffrey J. 1999. “Crown Possessory Liens under the Bankruptcy and Insolvency Act.” Commercial Insolvency Reporter 12 (1).

Sobina, Liudmila Yu. 2012. Recognition of Foreign Bankruptcies in the International Private Law. Moscow: Statut Publ. (In Russian)

Studentsova, O. A. “Legal Regulation of Bankruptcy Procedures According to the Legislation of Russia and USA: Comparative Analysis”. PhD diss., Russian State University for the Humanities. (In Russian)

Swart, B. H. 1990. “Die rol van.n concursus creditorum in die Suid-Afrikaanse insolvensiereg”. Dr. Sc. diss., Universiteit van Pretoria.

Too, Fancy C. 2015. “A Comparative Analysis Of Corporate Insolvency Laws: Which Is The Best Option For Kenya?” PhD diss., Nottingham Trent University. https://core.ac.uk/download/pdf/42393304.pdf.

Tron, Manuel E. 1997. “The Mexican Tax System”. Mexican Law Library Commercial Codes, edited by William D. Signet, 749–747. Eagan, West Publishing Company.

Trushnikov, Sergei S. 2006. The Proceedings in Insolvency in Russia and Germany. St. Petersburg: St. Petersburg University Press. (In Russian)

Verstova, Margarita E. “Conceptual frameworks for Tax and Law Enforcement Authorities of the Performance by Taxpayers of Their Duties”. Dr Sc. diss., Academy of Management of the Ministry of Internal Affairs of Russia. (In Russian)

Vitrianskii, Vasilii V. 2003. “New in the Legal Regulation of Insolvency (Bankruptcy)”. Khoziaistvo i pravo 1: 3–21. (In Russian)

Walters, A. and A. Smith. 2009. “Bankruptcy Tourism” Under the EC Regulation on Insolvency Proceedings: A View from England and Wales”. International Insolvency Review 19 (3): 181–208.

Wood, Philip R. 1995. “Principles of International Insolvency. Part 1”. Principles Of International Insolvency. 94–103. https://onlinelibrary.wiley.com/doi/pdf/10.1002/iir.3940040105.

Wymeersch, Eddy. 2003. “The Transfer of the Company’s Seat in European Company Law”. SSRN, April 1, 2003. https://ssrn.com/abstract=384802.

Ziegel, Jacob S. 1996. “Canada’s Phased-In Bankruptcy Law Reform”. American Bankruptcy Law Journal 70: 383–409. https://heinonline.org/HOL/LandingPage?handle=hein.journals/ambank70&div=26&id=&page=.

Загрузки

Опубликован

09.10.2019

Как цитировать

Izvekov, S. S. (2019). The Conceptual Basis of the Priority of the Authorized Agency Compared to Creditors in Bankruptcy: A Generalization of the International Experience of Regulation of Fiscal Relation in Cases of Bankruptcy of the Taxpayer. Вестник Санкт-Петербургского университета. Право, 10(3), 491–519. https://doi.org/10.21638/spbu14.2019.306

Выпуск

Раздел

Публичное и Частное право