Sergei Bakeshin has commented for Novy Prospect on the possible restructuring of debts of Sinyavinskaya poultry farm
In 2019, several creditors applied to a commercial court to declare bankruptcy of Sinyavinskaya Poultry Farm JSC, Russia's largest egg producer. As a result, an observation procedure was introduced at the request of the largest creditor, Sberbank, whose claims exceeded RUB 5bn. However, in April 2021, according to the Uniform…
22.04.2021
Sergei Bakeshin has commented to the DP on investors' interest to buy up troubled assets
At the beginning of the year the Briskly acquired the production complex of Vyborg Refrigeration Plant and Linnafrost trading house. The investor intends to produce about 10 thousand "smart" refrigerators a year at the enterprise. The transaction price was 76 million roubles, which is 1.6 times lower than the price requested by the seller and more…
18.04.2021
Sergei Bakeshin has commented for the Kommersant on X5 Retail Group exceeding market share limit
According to preliminary estimates of experts of the Federal Antimonopoly Service, the biggest Russian retailer X5 Retail Group may increase its market share in StPetersburg up to 30%. However, the law on trade prohibits retail chains from renting or acquiring additional space when they reach a 25% share within the boundaries of a region or…
15.04.2021
The Legal 500 international ranking has once again confirmed Maxima Legal's leading position in the Russian legal services market
An independent international ranking The Legal 500 has presented the results of the research on the Russian market of legal services for the year 2020, confirming Maxima Legal's leading position in 4 areas of legal support. COMMERCIAL, CORPORATE AND M&A: ST PETERSBURG AND ELSEWHERE - 2 TIER Maxima Legal's expertise in commercial, corporate and…
14.04.2021
Sergei Bakeshin has commented to the Pravo.ru on the ruling of the Supreme Court of the Russian Federation on exclusion from the bankruptcy estate of the share of a posthumously declared bankrupt debtor in the only housing of the heir
Posthumous bankruptcy proceedings were instituted against a debtor. The heir succeeded in having the portion of the debtor's claim excluded from the bankruptcy estate, which was the heir`s only residence. The final point in the case was put by the Supreme Court which stressed that since the disputed flat was not a communal flat the sale of the…
12.04.2021
Sergei Bakeshin has commented for the Novy Prospect on the bankruptcy case of the Lebyazhye poultry farm
The commercial court has introduced supervision the Lebyazhye poultry farm, which used to hold almost 50% of the meat chickens production segment. The procedure was initiated on the basis of an application of Torg VS LLC. However, a little later Torg VS LLC was replaced by Valentin Petrovich Zanin in the lawsuit to recover the debt from the…
07.04.2021
Sergei Bakeshin has assessed the first six months of the personal bankruptcy procedure out-of-court
In September 2020 Russia launched a simplified procedure of personal bankruptcy. Individuals who owed between 50,000 and 500,000 roubles got an opportunity to initiate their personal bankruptcy out of court by filing an application in one of multifunctional centers ( a public institutions in Russia that provide state and municipal services on a…
02.04.2021
Sergei Bakeshin has commented to the Novy Prospect on the seizure of accounts and property of former Sevkabel executives worth about 2.3 billion rubles
The 13th Commercial Court of Appeal has taken interim measures in the amount of 2.269 billion rubles against the accounts and property of top managers and the management company controlling bankrupt company Sevkabel. It should be noted that the mechanism was used as part of a dispute to bring the former executives to subsidiary liability for the…
30.03.2021
Sergei Bakeshin has commented to the Novy Prospect on the prospects of the Lenta founder's bankruptcy petition
Usolie-Sibirsky Khimpharms Plant, a manufacturer of drug substances, has requested a court to declare bankrupt the pharmaceutical company Grotex of Oleg Zherebtsov, a billionaire founder of the Lenta chain. The companies have been in court for over a year over debts of 45 million rubles for the supply of several batches of the drug. It is worth…
22.03.2021
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,…
22.03.2021