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While aspiring to European standards
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we are essentially a Russian law firm and know
how to apply the best international legal
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and the global experience of our extensive
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and international practices in projects all over
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distinctive characteristics and unique
features of each business and each project,
providing individually tailored and smart
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and expectations.

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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.

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.

Sergey Bakeshin has listed for RBC the more vulnerable sectors for insolvencies

22.10.2018

|By maximapublisher

Sergei Bakeshin - Counsel

According to data published by SPARK-Interfax more than 700 companies in St Petersburg are in the processing of being liquidated or are insolvent. At the same time, almost half of debtors are from the wholesale or retail sectors and around 15% are from the construction sector.

However, as Head of the Dispute Resolution Practice and Insolvency at Maxima Legal, Sergey Bakeshin, explained to RBC St Petersburg, there may be changes in the near future to which sectors produce the most insolvencies. “The number of insolvencies amongst construction companies will only increase. Joining them will likely be a wave of insolvencies from developers which have been unable to adjust or restructure to the new rules on construction with escrow or specialist accounts”, suggested Sergey.

Furthermore, according to Sergey, there are a greater number of insolvencies amongst companies from industries that are not so noticeable in the general statistics, but are more connected to people’s daily lives – tour operators, air carriers, car dealers, banks and so on.

To read the material in full, please see RBC’s website.