Sergei Bakeshin told the DP about Sberbank’s ability to retain control over insolvency of Invest. Engineering. Construction company

Sberbank, who initiated the bankruptcy proceedings against Invest. Engineering. Construction company, ceded its claims to one of its subsidiaries. With the amount of the claims exceeding 1.34 billion roubles the subsidiary became the biggest creditor of the debtor and was given an opportunity to influence the creditors’ meeting decisions. However, the court has not yet reviewed the application for inclusion in the register of creditors of claims for 1.67 billion rubles filed by Zvezdochka Shiprepairing Center. But the court has already granted the interim relief in the form of prohibition of the meeting of creditors which is competent to decide on the fate of Invest. Engineering. Construction company.

According to Sergei Bakeshin, head of dispute resolution and insolvency practice at Maxima Legal, Sberbank needs to increase its claims in order to maintain control over the procedure: “For example, the bank may agree to buy out the claims of minority creditors. Another option would be to contest the claims made by Zvezdochka. In this case, Sberbank could try to get either a reduction in the amount requested by the shiprepairing centre or a complete refusal to include the entire amount in the register. Another option: the debtor’s major creditors could come to an agreement, for example, on the candidacy of an insolvency officer who would be beneficial to both Sberbank and Zvezdochka,” Sergei explained to the Delovoy Peterburg newspaper.

You can read the material on the pages of the website of the Delovoy Peterburg newspaper >>>