Article title: COVENANT IN FINANCIAL TRANSACTIONS: QUESTIONS OF PRACTICAL APPLICATION, TRENDS OF JUDICIAL PRACTICE

Article author: Stepanova Alla Borisovna

Number of pages: 6

Contact mail: PravoBank@sberbank.ru

Аbout the author:

Annotation:
The article explores the concept of covenant terms of the contract. Despite its importance to theory and practice, the term is not disclosed in a normative manner. The importance of the covenant for the bank is that these conditions allow you to set certain economic indicators, which should correspond to the activities of the borrower, in order to reduce the risks of non-repayment of the loan. The article also analyzes the expediency of using potestative conditions in contracts to reduce The banks risks associated with covenant conditions establishing obligations towards third parties. This issue is relevant because currently there is no unambiguously established judicial practice regarding the challenge of these conditions.