Sergei Bakeshin has assessed for the DP the feasibility of a pre-bankruptcy audit

Sergei Bakeshin - Senior Associate

A  moratorium on bankruptcy has been announced by the Russian Government among the measures to support businesses in the current situation. Thus, companies whose financial situation is not too good have actually been given time to overcome the crisis.

According to Sergei Bakeshin,  Head of Dispute Resolution & Insolvency practice at Maxima Legal, a pre-bankruptcy audit can reduce the risks of beneficiaries’ claims being downgraded in case the business is not saved. “After all, if bankruptcy is inevitable, a pre-bankruptcy audit helps plan it and make it the least painful,” Sergei explained to Delovoy Peterburg newspaper.

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