Sergei Bakeshin has commented on the presidential decree introducing basic preparedness levels in a number of regions

St Petersburg has been included in the list of Russian regions where, the level of basic preparedness has become effective since 20 October 2022 by a decree of Russian President Vladimir Putin. As part of the security measures, an operational headquarter under Alexander Beglov, the Governor of St Petersburg, is to ensure widespread strengthening…


Sergei Bakeshin assessed for CRE the situation on the real estate market after the lifting of the moratorium on bankruptcy

CRE magazine asked experts to assess the impact of the end of the moratorium on bankruptcy on the commercial real estate, retail, e-commerce and logistics markets. As a reminder, this economic support measure was introduced in April of this year for a period of 6 months. According to Sergei Bakeshin, Senior Associate, Head of Dispute Resolution…


SergeI Bakeshin has assessed for Novy Prospect the impact of sanctions, businesses leaving Russia and the end of the bankruptcy moratorium on the number of disputes

Novy Prospect online publishing has pointed out that the Commercial Court of St Petersburg and the Leningrad Region is now hearing several disputes related to the imposed sanctions and the withdrawal of foreign companies from Russia. In particular, Severstal is suing Tikhvin Freight Car Building Plant for more than RUB 2 billion in debt. The…


SergeI Bakeshin has commented for Pravo.ru on the case pending before the Supreme Court of the Russian Federation regarding settlements between two bankrupt companies

The Supreme Court of the Russian Federation will decide how the bankrupt Novoorlovskiy Mining and Processing Combine should return more than RUB 120 million paid under a recognized void transaction to Rostovskiy Electrometallurgical Plant, which was also declared insolvent. The lower courts have ruled that since the combine itself is going through…


Sergei Bakeshin has told Kommersant about ways to restore a debtor's solvency during external management

Billionaire Alexander Ebralidze's bankrupt company STOD has been given an opportunity to restore its solvency. To this end, external management has been introduced at the timber company, whose claims exceed RUB 49 billion. A decision to this effect was taken by the Commercial Court of St Petersburg and the Leningrad Region in the middle of…


Pravo.ru once again ranked Maxima Legal among the leaders in the quantitative bankruptcy ranking

Pravo.ru legal online publishing has ranked the law firms which are more active and successful than their colleagues in such disputes. The research was based on the statistical analysis of more than 8,000 final decisions made by commercial courts from January 1 to December 31, 2021.  The  research of  Pravo.ru once again certified…


Sergei Bakeshin has told Kommersant about the possible consequences of declaring bankrupt another company of billionaire Alexander Ebralidze’s group, which owes more than RUB 40bn

Bank Saint Petersburg was able to secure the bankruptcy of Talion JSC, part of the eponymous group of companies of St Petersburg billionaire Alexander Ebralidze. The total amount of Talion group of companies' debts to creditors is RUB 44.4 billion. Talion's assets were valued at only RUB 6.9 billion at the end of last year. In addition, the…


Sergei Bakeshin has commented to Delovoy Peterburg on the introduction of the monitoring procedure for one of theatres in St Petersburg

The Commercial Court of St Petersburg and the Leningrad Region has introduced an observation procedure in relation to the Za Chernaya Rechka theatre. At the end of April, the theatre itself applied for insolvency due to more than RUB 4 million owed to Housing and Construction Cooperative, whose premises it has occupied since 1994. The theatre is…


Maxima Legal experts have discussed with Delovoy Peterburg the nuances of opening personal and corporate accounts abroad

According to Delovoy Peterburg newspaper, about 85% of Russians who had accounts abroad until March 2022 kept money mainly in banks in Austria, Luxembourg, Monaco, Switzerland and several other European countries. However, against the backdrop of sanctions, Russian citizens began to massively open personal or corporate bank accounts in…


Sergei Bakeshin has estimated for Novy Prospect the chances of invalidating the sale of a land plot on Krestovsky Island to Alexander Shestakov

Alfa Faberge, a construction company, which sold a land plot for the construction of a luxury house on Krestovsky Island to billionaire Alexander Shestakov, is seeking to have the deal ruled invalid. The developer cites the entrepreneur's breach of agreements, according to which Alfa Faberge was to remain in the project in the role of a…