Bankruptcy

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.

Representing the Client in a contractor bankruptcy case.

Our Client is the largest agro-industrial enterprise in the Tver region.
The beneficiaries of the contractor initiated a controlled bankruptcy in order to put pressure on the Client by filing baseless claims.

As part of the project PB Legal lawyers:

Revoked the court decision on initiation of simplified controlled bankruptcy procedure
Included the Client's claims in the creditor's register for more than RUB 750 million.
Supported disputes on recovery of over RUB 500 million from the Client.

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.

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.

Representing a theme park company and its beneficiaries’ interests in order to prevent them from being declared bankrupt

We managed to prevent the bankruptcy of the company and the beneficiary by developing an effective strategy of interaction with the creditor, including negotiation, prompt actions in Russian courts and a conclusion of the and a settlement agreement on favorable terms.

We managed to prevent the bankruptcy of the company and the beneficiary by developing an effective strategy of interaction with the creditor, including negotiation, prompt actions in Russian courts and a conclusion of the and a settlement agreement on favorable terms. Settlement agreement provided for a restructuring of the client’s debt which reduced the debt burden by more than 65 percent. We represented the client’s interests in a number of proceedings in Russian courts of general jurisdiction. In particular, we successfully challenged the results of the auction for the sale of our client’s property. Due to our success in court proceedings our client gained a strong position in negotiations with creditors. PB Legal | Panin, Bayramkulov & Partners team represented the client in settlement negotiations and managed to conclude an agreement on extremely favorable terms for the client.

Representing our client’s interests in a separate dispute in a bankruptcy of an airline company, the largest bankruptcy in Russian history

We advised the former directors of the airline's offshore subsidiary on the likelihood of them being brought to subsidiary liability. In order to prevent the risk, we presented to the court a chain of complex financial transactions, including REPO and leasing transactions. We also provided an appropriate legal analysis of such transactions.

Representing Russian second-largest investment company in a dispute arising out of a trust management agreement against a non-state pension fund.

Our opponent went bankrupt and its interests were represented by the Deposit Insurance Agency.

Our opponent went bankrupt and its interests were represented by the Deposit Insurance Agency. Despite the fact that our client's position was contrary to the existing case law, including the cases of the Supreme Court of the Russian Federation, we convinced the court that the case is unique which allowed us to convince the court to depart from the Russian case law and rule in favor of our client. We proved that the investment company properly fulfilled its obligations under the asset trust management agreement by obtaining a legal expertise, as a result of which the court refused to satisfy the opponent's claims in full.