Publications
Cypriot court recovered a substantial amount of funds that had been withdrawn from the company as a result of the illegal actions of the former beneficiaries and management for the benefit of our Client.
Cypriot court recovered a substantial amount of funds that had been withdrawn from the company as a result of the illegal actions of the former beneficiaries and management for the benefit of our Client.
PB Legal team succeeded in obtaining a judgment from the Nicosia District Court (Republic of Cyprus) for the recovery of over RUB 200 million (the value of the withdrawn assets) for the benefit of our Client, a major Russian energy company.
The dispute was complicated by the necessity to notify the foreign defendants. Alan Bayramkulov (Partner of PB Legal) prepared an expert opinion on Russian law, which enabled the Cypriot court to decide on the proper notification of the foreign defendants and, as a result, to order the recovery of funds from them.
Alexander Panin and Alan Bayramkulov worked on the project.
#WINS"Kommersant" published a commentary by Alexander Panin, the Managing Partner of PB Legal | Panin, Bayramkulov & Partners, on the draft of the Government Resolution prepared by the Ministry of Economic Development of the Russian Federation, which proposes the use of an automated selection regime for trustees in bankruptcy based on a score system in
"Kommersant" published a commentary by Alexander Panin, the Managing Partner of PB Legal | Panin, Bayramkulov & Partners, on the draft of the Government Resolution prepared by the Ministry of Economic Development of the Russian Federation, which proposes the use of an automated selection regime for trustees in bankruptcy based on a score system in insolvency cases initiated by the tax authorities.
In 2021, the Ministry of Economic Development of the Russian Federation submitted a draft bill to the State Duma of the Federal Assembly proposing significant changes to bankruptcy proceedings. The reform primarily involved a reduction in the number of bankruptcy proceedings, an increase in the application of the automated selection regime for trustees in bankruptcy and other new rules for the work of trustees in bankruptcy. To date, the bill has not yet been adopted.
In the published commentary, Alexander Panin suggested that the adoption of this Government Resolution may have a positive influence on bankruptcy proceedings, as the automated selection regime for trustees in bankruptcy is aimed at selecting independent and competent trustees in bankruptcy, while a simple random selection does not guarantee the selection of a competent trustee in bankruptcy.
#OPINIONAlan Bayramkulov spoke about the role of legal investigations in resolving business conflicts and how facts are important for this purpose.
Journal "The Corporate Lawyer" published an interview with Alan Bayramkulov, Partner at PB Legal | Panin, Bayramkulov & Partners, about legal investigations in the context of dispute resolution.
Alan Bayramkulov spoke about the role of legal investigations in resolving business conflicts and how facts are important for this purpose.
Journal "The Corporate Lawyer" published an interview with Alan Bayramkulov, Partner at PB Legal | Panin, Bayramkulov & Partners, about legal investigations in the context of dispute resolution.
In the interview, Alan explains why 90% of success in a dispute depends on the facts discovered correctly, and how to find the necessary information through investigation. Using examples from his own experience, he shows how important it is for an investigative lawyer to be a good psychologist, keep a rational mind and be able to build a comprehensive picture of the situation. Alan also shares how the firm's work is structured to help clients resolve business conflicts as efficiently as possible.
You can read more about the publication via the link.
#OPINIONProjects
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.