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Free Practice Questions for Russia Arbitration Manager Qualification Exam

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Key Facts: Russia Arbitration Manager Qualification Exam Exam

572 hours

Length of the Unified Programme for Training Arbitration Managers approved by Ministry of Economic Development Order No. 517.

Order No. 517 of 10.12.2009

5 questions

Number of questions on each oral examination ticket under Rosregistratsiya Order No. 47.

Order No. 47 of 13.04.2005

80%

Minimum share of ticket questions that must be answered correctly to pass the theoretical exam.

Government Decree No. 308 of 28.05.2003

50 minutes

Minimum preparation time a candidate receives before answering the examination ticket.

Order No. 47 of 13.04.2005

2 months

Minimum wait after the exam protocol is signed before an unsuccessful candidate may retake the exam.

Order No. 47 of 13.04.2005

287 questions

Number of items on Rosreestr's published list of typical questions for the theoretical exam.

Rosreestr list of typical questions

RUB 2,000

State duty for issuing the certificate confirming the qualification under Tax Code Article 333.33(1)(72).

Tax Code of the Russian Federation

2 years

Minimum internship as an assistant arbitration manager required for SRO membership under Article 20 of Law No. 127-FZ.

Federal Law No. 127-FZ, Art. 20

Russia's theoretical exam for arbitration managers is oral: a 5-question ticket, at least 50 minutes' preparation, and an 80% pass mark before a commission of Rosreestr and the training organisation. It covers the 572-hour Unified Programme, and the Rosreestr certificate is required for SRO membership.

Sample Russia Arbitration Manager Qualification Exam Practice Questions

Try these sample questions to review concepts for the Russia Arbitration Manager Qualification Exam exam. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Under Article 65 of the Civil Code of the Russian Federation (ГК РФ), which of the following legal entities can NOT be declared insolvent (bankrupt) by a court?
A.A municipal unitary enterprise holding property under economic management
B.A non-public joint-stock company (непубличное акционерное общество)
C.A treasury enterprise (казенное предприятие)
D.An agricultural production cooperative
Explanation: Article 65(1) of the Civil Code allows a court to declare any legal entity bankrupt except a treasury enterprise (казенное предприятие), an institution (учреждение), a political party and a religious organisation; a public-law company cannot be declared bankrupt either. A court declaration of bankruptcy entails the entity's liquidation, and Article 65(3) leaves the grounds, procedure and creditor ranking to the bankruptcy law (Federal Law No. 127-FZ).
2Under Federal Law No. 14-FZ 'On Limited Liability Companies', which body decides on the voluntary liquidation of an LLC and appoints its liquidation commission, and how is the liquidation decision adopted?
A.The general meeting of participants, by a two-thirds majority of all votes
B.The general meeting of participants, by a unanimous vote of all participants
C.The board of directors (supervisory board), where the charter creates one
D.The sole executive body (general director), acting on its own authority
Explanation: Article 33(2)(11)-(12) of Law No. 14-FZ places the decision on reorganisation or liquidation of the company, the appointment of the liquidation commission and the approval of liquidation balance sheets within the exclusive competence of the general meeting of participants. Article 37(8) requires decisions under subparagraph 11 of Article 33(2) to be taken by all participants unanimously.
3Under Article 166 of the Civil Code of the Russian Federation, what is the fundamental difference between a void transaction (ничтожная сделка) and a voidable transaction (оспоримая сделка)?
A.A void transaction may be challenged only by a state authority, a voidable one by any party
B.A void transaction becomes valid if nobody challenges it within a year, a voidable one never does
C.A void transaction requires proof of bad faith, while a voidable one is invalid automatically
D.A void transaction is invalid regardless of a court ruling, a voidable one only once a court so declares
Explanation: Article 166(1) of the Civil Code states that a transaction is invalid on grounds established by law either by virtue of a court declaring it so (a voidable transaction) or regardless of such a declaration (a void transaction). Under Article 167(1), an invalid transaction is invalid from the moment it was made. In bankruptcy, suspicious and preferential transactions under Articles 61.2 and 61.3 of Law 127-FZ are voidable and must be challenged in court.
4Under Article 167(2) of the Civil Code of the Russian Federation, what is the general consequence of a transaction being invalid, unless the law provides otherwise?
A.Each party returns everything received, or its value in money if return in kind is impossible
B.The party at fault returns what it received, while the innocent party keeps its performance
C.Everything received under the transaction is forfeited to the federal budget
D.The parties must still perform, but at a price adjusted by the court to market level
Explanation: Article 167(2) of the Civil Code provides for bilateral restitution (двусторонняя реституция): each party must return to the other everything received under the invalid transaction and, if return in kind is impossible, reimburse its value. In bankruptcy, Article 61.6 of Law 127-FZ then governs how restitution flows into the bankruptcy estate and how the counterparty's restored claim is ranked.
5Under Article 181 of the Civil Code of the Russian Federation, what limitation periods apply to claims concerning void and voidable transactions?
A.One year for void transactions and three years for voidable transactions
B.Three years for both kinds of transaction, counted in each case from the date the transaction was signed
C.Three years for void transactions (from the start of performance) and one year for voidable ones
D.Ten years for void transactions and three years for voidable transactions
Explanation: Article 181(1) sets a three-year period for claims to apply the consequences of a void transaction, running from the day performance began; for a claimant who is not a party it runs from when that person learned or should have learned of performance, but never more than ten years from the start of performance. Article 181(2) sets a one-year period for claims to declare a voidable transaction invalid, running from when the claimant learned or should have learned of the grounds for invalidity.
6Under Article 334 of the Civil Code of the Russian Federation, what is the essential advantage that a pledgee (залогодержатель) holds over the pledgor's other creditors?
A.Automatic ownership of the pledged asset as soon as the debtor defaults
B.Priority satisfaction from the pledged property's value ahead of other creditors
C.A right to manage the pledgor's business until the secured debt is repaid
D.Equal ranking with the pledgor's unsecured creditors, but with interest at a higher contractual rate
Explanation: Article 334(1) of the Civil Code gives the pledgee, if the secured obligation is not performed, the right to be satisfied from the value of the pledged property in priority to the pledgor's other creditors. In bankruptcy this priority is implemented through Article 138 of Law 127-FZ, which allocates fixed shares of the sale proceeds of the pledged asset to the secured creditor.
7Under Article 363 of the Civil Code of the Russian Federation, what is the default rule on the liability of a surety (поручитель) and the debtor towards the creditor when the secured obligation is not performed?
A.Subsidiary liability: the surety pays only after the creditor has failed to recover from the debtor
B.Liability for the principal debt only, excluding interest, collection costs and other losses
C.Proportional liability, with the surety and the debtor each answering for half of the debt
D.Joint and several liability with the debtor, unless law or the contract makes it subsidiary
Explanation: Article 363(1) of the Civil Code provides that the surety and the debtor are jointly and severally liable (солидарно) to the creditor unless the law or the suretyship contract provides for subsidiary liability. Under Article 363(2), the surety answers to the same extent as the debtor, including interest, collection costs and other losses, unless the contract provides otherwise.
8Under Article 370 of the Civil Code of the Russian Federation, what is the key legal characteristic of an independent guarantee (независимая гарантия)?
A.The guarantor's obligation does not depend on the underlying obligation it secures
B.The guarantor may raise any defence the principal debtor has under the main contract
C.The guarantee terminates automatically once the principal enters bankruptcy proceedings
D.The beneficiary must first obtain a court judgment against the principal before claiming
Explanation: Article 370(1) of the Civil Code provides that the guarantor's obligation to the beneficiary does not depend on the main obligation it secures, on the relationship between the principal and the guarantor, or on any other obligation, even if the guarantee refers to them. Article 370(2) bars the guarantor from raising objections arising from the main obligation. This independence is why an independent guarantee is a permitted form of security for a debt repayment schedule under Article 79 of Law 127-FZ.
9From the date an arbitrazh court introduces observation, when is it prohibited to extinguish the debtor's monetary obligation by set-off of a mutual homogeneous claim (зачет встречного однородного требования)?
A.Never: Article 410 of the Civil Code allows set-off by a unilateral statement at any time
B.Only when the interim manager has not given prior written consent to the set-off
C.Whenever the set-off would breach the priority order of register claims under Article 134(4)
D.Only if the counterclaim arose more than three years before the petition was accepted
Explanation: Article 63(1) of Law No. 127-FZ provides that, once observation is introduced, a debtor's monetary obligations may not be terminated by set-off if this breaches the priority of creditor claims established by Article 134(4); the prohibition does not apply to netting under financial contracts covered by Article 4.1. A set-off made shortly before the case can also be challenged as a preferential transaction under Article 61.3.
10Under Article 333 of the Civil Code of the Russian Federation, when may a court reduce a contractual penalty (неустойка) payable by a debtor who breached the obligation while conducting entrepreneurial activity?
A.On the court's own initiative whenever it considers the penalty excessive
B.Only on the debtor's application, where the penalty is clearly disproportionate to the breach
C.Only where the penalty exceeds twice the Bank of Russia key rate for the period of delay
D.Never, because a penalty freely agreed between entrepreneurs cannot be reduced
Explanation: Article 333(1) of the Civil Code allows a court to reduce a penalty that is clearly disproportionate (явно несоразмерна) to the consequences of the breach, but where the breach was committed by an entrepreneur the court may do so only on the debtor's application. Article 333(2) adds that a contractual penalty payable by an entrepreneur may be reduced only in exceptional cases where collecting it in full would give the creditor an unjustified benefit.

About the Russia Arbitration Manager Qualification Exam Exam

Free independent practice for Russia's Arbitration Manager Qualification Exam (Теоретический экзамен по единой программе подготовки арбитражных управляющих), administered under Federal Law No. 127-FZ, Government Decree No. 308, and Ministry of Economic Development Order No. 517. Questions cover civil and procedural law, bankruptcy legislation, financial diagnostics and fictitious bankruptcy detection, asset valuation, challenging debtor transactions, and subsidiary liability. The official examination is oral and held in Russian; this bank is an English-language MCQ study adaptation, not an official translation or simulation of the oral examination, and is not affiliated with Rosreestr.

Exam sponsor: Rosreestr-approved commissions with equal representation of Rosreestr and training organisations. The requirements and fees below concern the certification or admission exam, separate from our free practice resources.

Assessment

Oral answers to a 5-question ticket before a commission of Rosreestr and the training organisation (at least 6 members); at least 50 minutes' preparation without notes or legal texts; the result is satisfactory if at least 80% of the ticket questions (4 of 5) are answered correctly.

Time Limit

At least 50 minutes' preparation; answering time set by the commission

Passing Score

80% (at least 4 out of 5 questions correct)

Exam / Certification Fees

No exam fee; RUB 2,000 state duty for the certificate (Tax Code Art. 333.33(1)(72)); training paid separately

Exam sponsor website

Fees, eligibility, and exam policies can change. Confirm them with the exam sponsor before applying or paying.

Our practice resources: topics covered

We aim to reflect publicly available exam outlines and topic information in our study resources. Coverage, format, and difficulty may differ from the actual exam, and we cannot guarantee that every detail is accurate or current. Confirm exam requirements, fees, and policies with the official exam sponsor.

147 hours (25.7% of the Unified Programme)

Part 1: Legal Framework of Bankruptcy Procedures

Civil Code (legal entities, transactions and invalidity, property rights, obligations, security, main contract types, damages), competition, joint-stock, LLC and securities law, administrative and criminal liability in bankruptcy (Arts. 14.12-14.13 KoAP RF; Arts. 195-197 UK RF), criminal and arbitrazh procedure, enforcement proceedings, tax law, insurance of arbitration managers, labour law in bankruptcy, state secrets, land and environmental law, and real-estate registration.

225 hours (39.3% of the Unified Programme)

Part 2: Bankruptcy Legislation of the Russian Federation (Law No. 127-FZ)

Signs of bankruptcy, thresholds and filing; arbitration managers' status, duties, liability and remuneration; creditors' meetings and committees; the register of claims; observation, financial rehabilitation, external management, bankruptcy proceedings and settlement agreements; challenging transactions (Ch. III.1) and subsidiary liability (Ch. III.2); priority of claims and pledged property; special categories of debtors and citizen bankruptcy.

105 hours (18.4% of the Unified Programme)

Part 3: Economic Support of Arbitration Management

Accounting and financial statements, inventory and audit; financial analysis of the debtor under Government Decree No. 367 (coefficients of solvency, financial stability and business activity); checking signs of fictitious and intentional bankruptcy under Government Decree No. 855; business risk, financing needs, budgeting, management and marketing in crisis management.

45 hours (7.9% of the Unified Programme)

Part 4: Valuation Legislation

Federal Law No. 135-FZ 'On Valuation Activity', federal valuation standards and appraisers' SROs; the valuation engagement; comparative, income and cost approaches for machinery, real estate and businesses; reconciliation of results; valuation in bankruptcy and expert review of reports on state and municipal debtors.

50 hours (8.7% of the Unified Programme)

Part 5: Practice of Arbitration Management

Practice of the authorized body (FNS), the control body (Rosreestr), the regulating body and SROs of arbitration managers; organising creditors' meetings, managing the debtor and engaging specialists; preparing and selling assets; handover of documents and archives; debtor accounts and manager reports; external management plans and restoring solvency.

Preparing for the Russia Arbitration Manager Qualification Exam Exam

What You Need to Know

  • Passing score: 80% (at least 4 out of 5 questions correct)
  • Assessment: Oral answers to a 5-question ticket before a commission of Rosreestr and the training organisation (at least 6 members); at least 50 minutes' preparation without notes or legal texts; the result is satisfactory if at least 80% of the ticket questions (4 of 5) are answered correctly.
  • Time limit: At least 50 minutes' preparation; answering time set by the commission
  • Exam / certification fees: No exam fee; RUB 2,000 state duty for the certificate (Tax Code Art. 333.33(1)(72)); training paid separately Official sources

Using Our Practice Resources

  • Work through all 100 available questions
  • Review every answer and explanation
  • Track weak areas and revisit them
  • Use our AI tutor for tough concepts

Russia Arbitration Manager Qualification Exam: Suggested Study Strategy

1Learn the reachback periods: suspicious transactions under Article 61.2 (one and three years) and preferences under Article 61.3 (one and six months).
2Memorise the ranking of current payments (Article 134(2)) and of register claims (Article 134(4)), and the special 80/15/5 and 70/20/10 splits for pledged property under Article 138.
3Practise the Decree No. 367 coefficients with their exact definitions; for example, current liquidity uses liquid assets, which exclude inventories, divided by current obligations.
4Track recent changes: Federal Law No. 107-FZ (2024) raised the company threshold to RUB 2 million and set a one-month appeal period for separate-dispute rulings; Federal Law No. 253-FZ of 26.07.2026 brings further amendments from 27.07.2027.
5Practise structured oral answers for each ticket question: name the governing article, state the rule and its exceptions, then give a short practical example.

Frequently Asked Questions

What is the Theoretical Examination on the Unified Programme for Training Arbitration Managers?

It is the statutory qualification examination required under Article 20(2) of Federal Law No. 127-FZ 'On Insolvency (Bankruptcy)'. Passing this exam before a joint Rosreestr and educational institution commission earns the official Rosreestr certificate required for membership in a self-regulatory organization (SRO) of arbitration managers.

How is the official examination conducted and structured?

Under Government Decree No. 308 of 28.05.2003 and Rosregistratsiya Order No. 47 of 13.04.2005, the exam is oral and taken on tickets before a commission formed with equal representation of Rosreestr and the training organisation. Each ticket has 5 questions compiled by Rosreestr from its list of typical questions. Candidates get at least 50 minutes to prepare, without notes, legal texts or phones, and a second ticket is not issued after an unsatisfactory answer.

What is the passing score for the arbitration manager theoretical exam?

Under clause 7 of the Rules approved by Government Decree No. 308, a candidate is considered to have passed if the examination commission evaluates answers to at least 80% of the questions on the ticket as correct (satisfactory). For a 5-question ticket, this requires satisfactory answers to at least 4 questions.

What are the statutory prerequisites to become an arbitration manager in Russia?

Under Article 20 of Law No. 127-FZ, the SRO must require higher education, at least one year in managerial posts, a two-year internship as an assistant arbitration manager, a passed theoretical exam, no disqualification and no conviction for an intentional crime, and no expulsion from an SRO for violations in the previous three years. Members also need compulsory liability insurance and must pay the SRO's contributions, including to its compensation fund.

What topics does the Unified Programme cover?

Approved by Ministry of Economic Development Order No. 517 of 10.12.2009 (572 hours), the programme covers five parts: legal framework of bankruptcy (147 hours), bankruptcy legislation and Law 127-FZ procedures (225 hours), economic and financial analysis (105 hours), valuation legislation (45 hours), and practical arbitration management (50 hours).

Is there a fee for the arbitration manager theoretical exam?

Decree No. 308 sets no examination fee, but issuing the Rosreestr certificate attracts a state duty of RUB 2,000 under Article 333.33(1)(72) of the Tax Code (in force from 01.01.2025). Training on the Unified Programme is paid separately at the education provider's rates.

What happens if a candidate fails the theoretical exam?

A candidate with an unsatisfactory result, or who failed to appear without a valid reason, may retake the exam no earlier than two months after the protocol is signed, on written application (Order No. 47, para. 12). A self-study (экстерн) candidate may retake it only after completing the full training course (Decree No. 308, para. 6).

In what language and format is this practice question bank provided?

The official Rosreestr examination is an oral examination conducted in Russian on 5-question tickets. This question bank is an independent English-language multiple-choice study adaptation designed to build mastery of the underlying statutory rules, financial formulas, and legal procedures; it is not an official translation or an oral exam simulation.