Sergei Bakeshin has commented to RBC about the end of a conflict between restaurateurs

Over the past few years, co-owner of the restaurant holding Ginza Project, Vadim Lapin, and his former business partner, Vladimir Spirin, filed around 20 claims against each other with the district and commercial courts. The conflict arose in connection with Spirin’s financial claims, amounting to several tens of millions of roubles, for the satisfaction of which he also filed a lawsuit with Lapin for his personal bankruptcy. According to RBC Petersburg, in the absence of a noticeable advantage for any of the parties, the businessmen decided to settle the dispute out of court.

Sergei Bakeshin, Head of Dispute Resolution and Insolvency practice at Maxima Legal, told RBC that “the refusal of the claim is stated if the debt has already been repaid, since after the court has accepted the refusal to go back to court with the same requirement, it is impossible. In insolvency cases, creditors prefer to delay the process until the debt is repaid, and not to give up their statement on the word of honour of the debtor.” At the same time, Sergey stressed that even if Vadim Lapin was declared bankrupt, his companies could continue their work.

You can read the material (in Russian) on the RBC website >>>