Publications

The PB Legal project was included in a selection of the most important economic disputes for Russian business.
"Kommersant" published a list of economic disputes and practices of law firms that are most important in 2021. A dispute worth 19.3 billion rubles involving JSC «Corporation of Development », a client of PB Legal, was included.

The PB Legal project was included in a selection of the most important economic disputes for Russian business.

"Kommersant" published a list of economic disputes and practices of law firms that are most important in 2021. A dispute worth 19.3 billion rubles involving JSC «Corporation of Development », a client of PB Legal, was included.

PB Legal team successfully defended the client's interests in a major isolated dispute on bringing to subsidiary liability. The litigation took place in the bankruptcy case of a company established for the purpose of implementing an investment project in Yamal.

At the end of 2019, a major creditor initiated a dispute to bring the debtor's participants and executives to subsidiary liability in the amount of about 20 billion rubles. Our task was to defend the client's interests and prove that it was not the debtor's controlling subject and that the plaintiff missed the limitation period for bringing the client to subsidiary liability. In addition, the PB Legal team was able to prove that the plaintiff had not provided sufficient grounds to hold the client liable for failure to file for debtor bankruptcy and for failure to pay creditors' claims in full.

The courts of the First and Appellate instances sided with PB Legal's client. The Court of Cassation left the plaintiff's complaint without consideration.

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Alan Bayramkulov, partner of PB Legal, on why the success of the entire court investigation depends on the talent of trial lawyers to look for and find unusual details in a case.

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Alan Bayramkulov is included in the Guide to Next Generation of Russian Arbitrators.
Alan’s many years of experience in arbitrations in Russia and abroad landed him on the list of 85 lawyers recommended as arbitrators in Russian-related disputes.

Alan Bayramkulov is included in the Guide to Next Generation of Russian Arbitrators.

Alan’s many years of experience in arbitrations in Russia and abroad landed him on the list of 85 lawyers recommended as arbitrators in Russian-related disputes.

The Guide to Next Generation of Russian Arbitrators is prepared by an association of respected experts in commercial arbitration. Its purpose is to help parties to a dispute choose a qualified arbitrator suitable for the particular situation.

Alan’s profile in the online version of the Guide is available here.

The article “Providing in corporate disputes: how they are abused by shareholders” published by Pravo.ru raises an important topic: the use of interim measures in corporate conflicts.
The conflict of "Angioline" JSC is taken as an example.

The article “Providing in corporate disputes: how they are abused by shareholders” published by Pravo.ru raises an important topic: the use of interim measures in corporate conflicts.

The conflict of "Angioline" JSC is taken as an example. The author of the article concludes that whatever measures the minority shareholders ask for, the courts satisfy these applications.

Alan Bayramkulov, a partner of “PB Legal | Panin, Bayramkulov and Partners” thinks that we shouldn’t agree with this. The institution of interim measures in Russian law doesn’t work well and the standard of proof in practice is so high, and this needs to be addressed.

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Alexander Panin, the managing partner of PB Legal | Panin, Bayramkulov & Partners, commented for Interfax on the lost securityholders’ bill.
The Ministry of Economic Development of the Russian Federation presented a modified version of the bill regulating the situation when a joint-stock company is unable to contact a shareholder for a long time.

Alexander Panin, the managing partner of PB Legal | Panin, Bayramkulov & Partners, commented for Interfax on the lost securityholders’ bill.

The Ministry of Economic Development of the Russian Federation presented a modified version of the bill regulating the situation when a joint-stock company is unable to contact a shareholder for a long time. The novels allow the company to suspend notification of such shareholders about the general meetings and payment of dividends to them. After a certain period of time, the company should be allowed to redeem the shares.

Alexander Panin shared with Interfax readers his opinion on the objectives of the bill, the balance of interests, and guarantees of shareholders’ rights.

Read more here.

At the end of June 2021, The High Court of Justice in London denied the claim of the VTB subsidiary against the Russian defendants. To support the rejection, the Court referred to the doctrine of forum non conviniens. We provide a brief review of the High Court’s conclusions.

At the end of June 2021, The High Court of Justice in London denied the claim of the VTB subsidiary against the Russian defendants. To support the rejection, the Court referred to the doctrine of forum non conviniens. We provide a brief review of the High Court’s conclusions.

Link to the review

In July 2021, the Supreme Court of the Russian Federation issued a Ruling on subordination of creditors’ claims in the individual’s bankruptcy. The Supreme Court refused to subordinate these claims and include the affiliate on the creditors’ register.

In July 2021, the Supreme Court of the Russian Federation issued a Ruling on subordination of creditors’ claims in the individual’s bankruptcy. The Supreme Court refused to subordinate these claims and include the affiliate on the creditors’ register.

See our review for more details. Link to alert.

Izvestia published an author's column by Alexander Panin, dedicated to the draft law on new requirements for the management of public companies.

Izvestia published an author's column by Alexander Panin, dedicated to the draft law on new requirements for the management of public companies.

The project proposes to limit the opportunities for unscrupulous persons to occupy senior positions in such companies - for example, to establish a period of ineligibility for those convicted of intentional crimes or brought to subsidiary liability.

Alexander, in his column, gives the amendments an expert assessment and considers examples when, by virtue of the proposed law, the dayily mistakes of a top manager might cost him his position.

The link to the column is here.

PB Legal Team | Panin, Bayramkulov & Partners took part in the Arbitrazh Court of the Yamalo-Nenets Autonomous Okrug proceedings in which the former director of the bankrupt developer was brought to vicarious liability. The court satisfied the application of our client - a participant in shared construction.

PB Legal Team | Panin, Bayramkulov & Partners took part in the Arbitrazh Court of the Yamalo-Nenets Autonomous Okrug proceedings in which the former director of the bankrupt developer was brought to vicarious liability. The court satisfied the application of our client - a participant in shared construction.

The bankrupt company inappropriately spent financing received under equity participation agreements in construction. As a result, the developer was unable to fulfill its obligations to creditors and was declared bankrupt.

Shortly before the initiation of the bankruptcy case, the director of the company resigned without transferring the documents and property of the developer to the new manager. Due to the lack of documents, the liquidator was deprived of the opportunity to identify the debtor's property in sufficient volume to pay off the claims of all creditors.

During the consideration of the case, the former director tried to create the appearance of transferring the documents to the liquidator by transferring an insignificant amount of documentation.

Lawyers of PB Legal | Panin, Bayramkulov & Partners managed to prove that the actions of the former manager were unfair, and the transferred documents were not sufficient to release him from liability.

On May 31, 2021, the Arbitration Court of the Yamalo-Nenets Autonomous Okrug agreed with the arguments of our lawyers and brought the defendant to subsidiary liability.

Worked on the project: Alan Bayramkulov, Nikolay Stroyev, Maria Pershonkova, Ilya Kozhinov.

We are happy to announce that Alexander Panin, a managing partner of PB Legal | Panin, Bayramkulov & Partners, and Anna Scherbakova, an associate of PB Legal | Panin, Bayramkulov & Partners, are recommended by the "Best Lawyers" rating.

We are happy to announce that Alexander Panin, a managing partner of PB Legal | Panin, Bayramkulov & Partners, and Anna Scherbakova, an associate of PB Legal | Panin, Bayramkulov & Partners, are recommended by the "Best Lawyers" rating.

Alexander Panin is recommended in the "International Arbitration" practice area, and Anna Scherbakova is recommended in the "Bankruptcy" practice area.

Best Lawyers is one of the most respected international peer review publications in the legal profession. The list of recommended legal consultants in Russia is published here: Best Lawyers List for Russia.