State support was returned to the state // VS protected the recipients of “coronavirus” loans
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The Supreme Court (SC) of the Russian Federation supported small and medium-sized businesses (SMEs) affected by the pandemic in a dispute with credit institutions that deprived them of the promised state support. The Economic Collegium criticized the position of the banks, which took back preferential “coronavirus” loans on the basis of the borrower’s alleged failure to fulfill the conditions for maintaining the number of employees. Lawyers note that the problem is still widespread, and the position of the Supreme Court encourages other entrepreneurs to apply to the court for the return of benefits.
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