Bankruptcy

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.

Advising a large investment group on the structuring of a transaction related to the acquisition of a real estate object from a company whose majority participant was in bankruptcy.

Our client is the oldest investment group in Russia, one of the founders of the Moscow Stock Exchange and the National Association of Stock Market Participants (NAUFOR).

Our team presented the client with three options for structuring the transaction, indicating the risks of each of them, as well as noting the most preferred action plan for the purchase of the object. For example, our lawyers have provided options for buying out the premises with the termination of the bankruptcy procedure of the majority participant, without the termination of such a procedure, as well as by acquiring corporate control over the company by the client.

Thanks to the creative approach of PB Legal | Panin, Bayramkulov & Partners lawyers, the client managed to buy out a large building and avoid the potential invalidation of the purchase and sale transaction, the return of the property to the debtor's bankruptcy estate and related lawsuits.

Representing the client in the case of challenging the transaction in the amount of about 1.7 billion rubles

Our client is a large company created by the initiative of the President of the Russian Federation. Its aim is to develop investment projects in the regions of the Russian Federation.
The PB Legal team represents the client in a dispute initiated against its subsidiary.

Our client is a large company created by the initiative of the President of the Russian Federation. Its aim is to develop investment projects in the regions of the Russian Federation.

The PB Legal | Panin, Bayramkulov & Partners team represents the client in a dispute initiated against its subsidiary. The external manager in the framework of the bankruptcy case unreasonably disputes the operations for the repayment of debt in favor of the client's subsidiary under loan agreements in the amount of about 1.7 billion rubles.

Our goal is to prevent the loan repayment from being challenged. As part of the work on the project, the PB Legal | Panin, Bayramkulov & Partners team developed a strategy for protecting the client. In particular, it was established that there were no creditors who could have been harmed as a result of the repayment of loans. Moreover, it was also established that the loans were refinanced by a new participant of the debtor, therefore the situation of the debtor did not deteriorate, but, on the contrary, improved.

As a result, we protected the client’s interests in the court of first instance and prevented the invalidation of the loan repayment operations.