Publications
Forbes has published a commentary by PB Legal Managing Partner Alexander Panin on a new possible mechanism of payment for a share in an LLC
The government has approved a draft law allowing LLC participants to receive a payment for a share at market value rather than book value.
Forbes has published a commentary by PB Legal Managing Partner Alexander Panin on a new possible mechanism of payment for a share in an LLC
The government has approved a draft law allowing LLC participants to receive a payment for a share at market value rather than book value. The change is important because book value can be lower than market value, leading to disputes over the amount of the payment.
In his commentary, Alexander Panin stressed that the new mechanism could save companies from having to go to court in cases of disputes over the value of a share.
Payment of the market value will be made at the request of a participant. The valuation of the share will be carried out by a valuer appointed by the LLC or the person to whom the payment is to be made.
The draft law may reduce disputes and abuses in the event of a member's withdrawal from an LLC. However, the introduction of an alternative mechanism for calculating the actual value of the share requires detailed elaboration at this stage.
The publication is available at the following link.
#OPINIONDear colleagues, We are pleased to announce that we have some great news to share with you. We are pleased to present this information to you.
On 12 March 2025 "Pravo-300" presented a personalised ranking of recommended lawyers.
Dear colleagues, We are pleased to announce that we have some great news to share with you. We are pleased to present this information to you.
On 12 March 2025 "Pravo-300" presented a personalised ranking of recommended lawyers.
PB Legal partners were recognised in the "International Litigation" category. The selection of candidates was based on a comprehensive evaluation of cases during the year, client feedback, and professional awards.
Partner Alan Bayramkulov was recognised in the category "Partners and Practice Managers". Managing Partner Alexander Panin was recognised in the category "First Persons of Law Firms".
We congratulate our colleagues and wish them new professional achievements.
For more information, please click here to view the results of the federal rating "Pravo-300".
#TEAMOn 5 December ‘Pravo-300’ published its annual rankings, in which PB Legal | Panin, Bayramkulov & Partners has been actively participating for many years.
This year PB Legal team has improved its position in the legal market thanks to the quality work of a well-knit team of professionals!
On 5 December ‘Pravo-300’ published its annual rankings, in which PB Legal | Panin, Bayramkulov & Partners has been actively participating for many years.
This year PB Legal team has improved its position in the legal market thanks to the quality work of a well-knit team of professionals!
We have received awards in the following categories:
- Group II - International Litigation;
- Group III - Arbitration litigation (big commercial disputes: high market);
- Group III - Corporate/M&A (mid market).
We express our deep gratitude to all members of our team, as well as to our clients, without whom this result would not have been achievable.
We are very grateful to the team of ‘Pravo-300’ and hope for further cooperation!
You can find the ‘Pravo-300’ rankings at the link.
#TEAMProjects
Representing a client, a Kazakh company, in a dispute over recovery of unearned advance payment and in a counterparty bankruptcy case.
Our Client is a company from Kazakhstan, one of the largest producers of chrome raw materials and ferroalloys in the world. The Client entered into a contractual agreement with a Russian enterprise. The Russian company did not complete the work under the contract, but did not return the unearned advance payment.
Our Client is a company from Kazakhstan, one of the largest producers of chrome raw materials and ferroalloys in the world. The Client entered into a contractual agreement with a Russian enterprise. The Russian company did not complete the work under the contract, but did not return the unearned advance payment. The law applicable to the construction contract is the law of the Republic of Kazakhstan.
PB Legal's team successfully recovered a debt from a contractor in a Russian court. Based on this decision, we initiated bankruptcy of the debtor company. As part of the bankruptcy proceedings, we challenged transactions involving the withdrawal of assets from the company in favour of a controlling person, and initiated a proceeding to bring the controlling persons to subsidiary liability.
In addition, our team is also supporting a litigation to recover in a Russian court under the law of the Republic of Kazakhstan the unearned advance payment and damages from a South African company, which also failed to perform work for the Client in co-operation with a Russian company.
Comprehensive legal support of the Client’s interests in bankruptcy proceedings of a major contractor.
Our Client is a creditor of a construction company that is currently under bankruptcy proceedings. Works amounting to more than RUB 3 billion were not fulfilled to our Client.
The Client needed legal assistance in conducting an effective bankruptcy procedure of the debtor company to ensure the maximisation of the Client's claims.
Our Client is a creditor of a construction company that is currently under bankruptcy proceedings. Works amounting to more than RUB 3 billion were not fulfilled to our Client.
The Client needed legal assistance in conducting an effective bankruptcy procedure of the debtor company to ensure the maximisation of the Client's claims. In the monitoring procedure, creditors filed claims totalling more than RUB 7 billion.
The client is also interested in termination of all contractual relations with the unconscientious contractor, with transfer of all rights and obligations under the contract to the new contractor at the same time.
The PB Legal team represents the Client's interests by (1) supporting the inclusion of his claims in the creditor's register, (2) preparing objections to the claims of other creditors, as well as (3) participating in the disputes with the debtor outside the bankruptcy case, which may help to enlarge the bankruptcy assets.
Elaboration of a strategy to protect the Client’s rights to a well-known brand.
Our Client is Denis Nikolayevich Simachev, a well-known modeller, designer and restaurateur.
At the claim of a foreign company, the Client's trademark was cancelled.
Our team developed a strategy to protect the Client's rights to his brand. As a result of its successful implementation, the trademark of a foreign company was cancelled.
Our Client is Denis Nikolayevich Simachev, a well-known modeller, designer and restaurateur.
At the claim of a foreign company, the Client's trademark was cancelled.
Our team developed a strategy to protect the Client's rights to his brand. As a result of its successful implementation, the trademark of a foreign company was cancelled. The cancellation of the legal protection to the trademark will allow the Client to restore the rights to his trademark.
As a result, the Client will be able to conduct further creative and entrepreneurial activities using his brands.