Publications
The “Expert” magazine published an author's column by Managing Partner of PB Legal | Panin, Bayramkulov & Partners Alexander Panin, dedicated to the most important aspects of the recently introduced moratorium on bankruptcy.
Since April 1, 2022 the moratorium on bankruptcy was introduced in the Russian Federation.
The “Expert” magazine published an author's column by Managing Partner of PB Legal | Panin, Bayramkulov & Partners Alexander Panin, dedicated to the most important aspects of the recently introduced moratorium on bankruptcy.
Since April 1, 2022 the moratorium on bankruptcy was introduced in the Russian Federation. Its most important aspect is the prohibition of creditors from filing bankruptcy claims against the debtor during the period of the moratorium.
Alexander reveals the legal specifics of the moratorium, assesses its risks and benefits for the Russian economy, and points out its differences from the moratorium introduced in connection with the coronavirus restrictions in 2020.
Read more.
#TEAMThe PB Legal | Panin, Bayramkulov & Partners team prepared an overview of the draft law "On External Administration for the Management of an Organization" submitted to the State Duma. This draft law allows the introduction of external administration in relation to foreign companies leaving Russia.
The PB Legal | Panin, Bayramkulov & Partners team prepared an overview of the draft law "On External Administration for the Management of an Organization" submitted to the State Duma. This draft law allows the introduction of external administration in relation to foreign companies leaving Russia. Interdepartmental commission, formed by the Ministry of Economic Development, is given a key role in the introduction of external administration concerning a company and defining the developmental strategy of such company.
Link to the review.
#ALERTSThe PB Legal's team provides support for corporate and contract projects in English law and helps its clients adapt to the new sanctions.
For more information, see the link
#ALERTSProjects
An appeal in the interests of a creditor (a significant construction company) against a judgment on a claim by an affiliated person against a bankrupt.
Our client is a major construction company that is a creditor in the bankruptcy case of a manufacturing company. In bankruptcy proceedings, the debtor's subsidiary filed claims for more than RUB 700 million.
An action for invalidity of transactions was brought by a minority shareholder of a subsidiary company on its behalf.
Our client is a major construction company that is a creditor in the bankruptcy case of a manufacturing company. In bankruptcy proceedings, the debtor's subsidiary filed claims for more than RUB 700 million.
An action for invalidity of transactions was brought by a minority shareholder of a subsidiary company on its behalf. The plaintiff claimed that the chain of commerce was a cover for another trade that had been made without the necessary corporate approval and was aimed at withdrawal of the company's assets. In court, the debtor agreed with the plaintiff's position, as a result of which the transactions were declared invalid.
The client, as a creditor of the debtor, appealed a judgment declaring the transactions invalid. As part of the case, we analyzed the corporate and commercial relationships between the debtor, its subsidiary, the plaintiff, and other members of their class. As a result of a detailed analysis, we developed a legal opinion that disclosed the nature of the transactions between the class members. The pattern we identified led us to conclude that the funds transferred under the contested transactions remained under the control of the debtor's subsidiary and that the transactions caused it no harm. We also revealed that the contested transactions were aimed at including a creditor "friendly" to the debtor in the bankruptcy case. In addition, we substantiated in detail that the plaintiff had missed the statute of limitations.
Conducting an internal investigation at a major pork producer company in Russia in connection with an outbreak of African swine fever.
Our client is an agro-industrial company in the Tver region, one of Russia's 20 largest pork producers.
The PB Legal team conducted an internal corporate investigation into the legality of the actions of government agencies and company employees during the outbreak of viral animal disease.
Our client is an agro-industrial company in the Tver region, one of Russia's 20 largest pork producers.
The PB Legal team conducted an internal corporate investigation into the legality of the actions of government agencies and company employees during the outbreak of viral animal disease.
Preparation of a legal opinion on the assessment of risks in the application of the creditor’s claims in the debtor’s bankruptcy case.
Our client is a large company established on the initiative of the President of the Russian Federation, which is engaged in the development of investment projects in the regions of the Russian Federation. As a result of the revision of the case under newly discovered circumstances, the client had claims against the debtor.
Our client is a large company established on the initiative of the President of the Russian Federation, which is engaged in the development of investment projects in the regions of the Russian Federation. As a result of the revision of the case under newly discovered circumstances, the client had claims against the debtor.
The PB Legal team prepared a legal opinion assessing the client's risks related to the application claims in the debtor's bankruptcy case, as well as the prospects of satisfying the said claims. The legal opinion also analyzed the procedure for reversing a judgment in a situation where a debtor is declared bankrupt. Based on the results of the analysis, the client was given recommendations in connection with the statement of claims in the debtor's bankruptcy case.