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Law with a personal touch

Our work is driven by enthusiasm, inspiration
and a personal touch in all we do.

Old russian church between two modern skyscrapers. May be used as contrasts concept.

International standards with
local appliance

While aspiring to European standards
and innovative approaches to legal practice,
we are essentially a Russian law firm and know
how to apply the best international legal
practices in local conditions.

traffic sign standing on the skyline

Working with clients all
around the world

Our local expertise as a national law firm
and the global experience of our extensive
network of international partners mean we
are able to work with clients not only in Russia,
but also in Europe, North and South America,
Asia, Africa and Australia. This gives us
a unique opportunity to adopt the best Russian
and international practices in projects all over
the world.

Colorful shoal of fish over massive coral reef, Caribbean sea

Identifying unique
characteristics in every
business

We devote a great deal of attention to the
distinctive characteristics and unique
features of each business and each project,
providing individually tailored and smart
solutions to meet all the client’s requirements
and expectations.

Social responsibility and
civil standpoint

We feel responsible for those around
us and the world in which we live – we
provide charitable aid, work with
educational institutions and render pro bono
services. We maintain an active civil
standpoint and support the principles of
environmental and labor protection.

Sergei Bakeshin has clarified the financial situation around a company managing a number of supermarkets

09.01.2020

|By maximapublisher

Sergei Bakeshin - Counsel

The company Intertorg, which is behind the SPAR and Narodnaya 7Ya Semya retail chains in St Petersburg and the Leningrad Region, has gone into liquidation. According to the commercial court, almost 400 claims totalling over 5.6 billion roubles have already been filed against the company. Market players estimate that the retailer’s debt to customers is around 15 billion roubles.

According to Sergei Bakeshin, Head of the Dispute Resolution and Insolvency Practice at Maxima Legal, “the owner of TD Intertorg LLC, decided that it was most likely necessary to stop the forced collection of debts, since the procedure is fundamental for ending enforcement proceedings, by saying I have enough funds to pay off all my debts. However, this procedure is often used to conduct controlled insolvency”, added Sergei. The lawyer explained that in the case of insolvency of a liquidated debtor, insolvency proceedings immediately begin; as a result, the company of the administrator selects the insolvency trustee, and not the creditors.

All that is needed is loans, a tax authority and a liquidation commission. According to Fedresurs, a federal website containing information about company, more than a dozen reports on creditors’ intentions to petition for the insolvency of TD Intertorg LLC have been published (this is a prerequisite for petitioning to court).

To read the article in full (in Russian), please see the RBC St Petersburg website >>>