Sergei Bakeshin explained to Pravo.ru the importance of the position of the Supreme Court of the Russian Federation in a dispute over interim measures imposed on the property of a debtor's relatives

In 2019, ex-banker Magomed Mukhiev was convicted of fraud and embezzlement of deposits in nine banks controlled by him. The court sentenced Mukhiev to ten years in prison with a fine of RUB 9.5 mn. Later, the convict initiated a personal bankruptcy procedure, within the framework of which the Deposit Insurance Agency (bankruptcy trustee) applied…


Sergei Bakeshin analysed for RBC how the investigation into the manipulation of SPB Exchange shares may develop

The Investigative Committee has opened a criminal case under part 2 of article 185.3 of the Criminal Code of the Russian Federation for manipulation of trading in SPB Exchange shares. The case concerns a situation with a false bankruptcy petition of SPB Exchange, which in November 2023 led to a 35% collapse in the stock prices of the trading…


Maxima Legal is again recognised by Pravo.ru in the national ranking of lithigators

Based on the All-Russian statistical research of the lithigation market, analysts of Pravo.ru have once again included Maxima Legal among the best lawyers in the field of litigation. The company was included in 47 regional firms recommended by the rating, ranking 3rd in terms of the total amount of claims, 12th in terms of the number of cases and…


Sergei Bakeshin assessed for Kommersant the possibility for Eurograd to challenge the claims of the developer Seven Suns Development

Seven Suns Development Group has recovered RUB 50 mn from the company Evrograd for the failure to meet the deadlines for the construction of an exit from the Ring Motorway. This obligation arose under a deal to sell the developer 17.3 hectares of land in the village of Bugry in the Leningrad region. Evrograd in a counterclaim tried to get Seven…


Sergei Bakeshin assessed for DP the impact on bankruptcy practice of the amendments to the bankruptcy law proposed by the Supreme Court of the Russian Federation

On the 12th of March, the State Parliament passed in the first reading a bill introduced by the Supreme Court amending the law of bankruptcy. Sergei Bakeshin, Counsel, Head of Dispute Resolution and Insolvency Practice at Maxima Legal, assessed the impact of these amendments on the insolvency practice development specially for Delovoy Petersburg…


Sergei Bakeshin analysed for Novy Prospect the attempt by the PESC to bankrupt a St. Petersburg manufacturer of meat products

An insolvency petition filed by St. Petersburg Power Supply Company (PESC) against Parnas-M, a large St. Petersburg producer of meat products, has been registered in the file system of arbitration cases. The reason is the debt for consumed electricity. The amount of claims in the statement is RUB 8.3 mn. In total, at the beginning of April the…


Sergei Bakeshin commented for RBC on what the court's decision to seize shares of the Plant from private investors may be based on

On 22 March 2024, Commercial Court of the Perm Region satisfied the claim of the prosecutor's office to seize shares from all private investors of Solikamskiy Magnieviy Zavod plant (Solikamsk Magnesium Plant). The reason was the illegal privatisation of the enterprise in 1992. The court's decision for the first time also extended to minority…


For the fifth time Pravo-300 rating included Maxima Legal team in the list of recommended lawyers

Pravo-300, the key Russian legal ranking, has published individual recommendations of lawyers practising in various areas of law. According to the results of the survey for 2023, personal recognition in 11 areas of law was given to 8 Maxima Legal lawyers who played a leading role in the firm's most highly rated projects for the period from…


Sergei Bakeshin has commented for NP on the bankruptcy of Plant named after Filatov

Pharmaceutical Plant named after Filatov is in bankruptcy proceedings. In 2022, external management was introduced at the plant, and in early 2023, the Commercial Court of St Petersburg and the Leningrad Region granted the application of Dialog LLC on its intention to repay the claims of the company's creditors in the amount of RUB 1.2 bn.…


At the request of DP, Sergei Bakeshin named factors that may lead to an increase in the number of corporate bankruptcies

Due to the introduction of moratoriums on bankruptcy, the development of non-bankruptcy practice of bringing to subsidiary liability, as well as the desire of businesses to settle debt problems before trial, the number of corporate bankruptcies in St Petersburg has been steadily decreasing over the past three years. Last year commercial courts…