Dmitry Uryakin explained to Kommersant and RBC the prospects of a court challenge to the delay in leasing the Russko-Vysotskaya poultry farm

Dmitry Uryakin - Senior Associate

Voronezh-based CBS Commodities group and the owners of the Russko-Vysotskaya poultry farm agreed on a long-term lease of the enterprise in exchange for payment of about 300 million rubles in debt for the supply of fodder. However, the deal has still not been closed. The investor believes that the process is being deliberately delayed by one of the owners of the poultry farm. The representatives of the farming company, in their turn, think that first it is necessary to get the approval of the Federal Tax Service, which holds the property of the Russko-Vysotskaya Poultry Factory as a pledge due to the bankruptcy of the company-owner.

“Any disposal of the company’s property, including leasing, is impossible without the consent of the pledge lender, especially when bankruptcy proceedings are involved. In such a situation it will be difficult to challenge in court the delay in handing over the poultry farm to a potential investor,” Dmitry Uryakin, Associate at Maxima Legal, explained to Kommersant and RBC.

To read the full article (in Russian) please visit Kommersant website >>>

To read the full article (in Russian) please visit RBC website >>>