The World Bank has thanked Maxima Legal lawyers for contributing to Doing Business 2021 research
The World Bank Group which annually jointly with the International Finance Corporation (IFC) issues Doing Business research thanked Maksim Avrashkov and Sergei Bakeshin for their input in preparation of the Russian part of the report in 2020. In particular, the World Bank team underlined the importance of Maxima Legal experts' knowledge and…
19.03.2021
Maxima Legal expanded its accreditation of the TRUST National Bank
Maxima Legal team has confirmed high level of expertise in insolvency as well as in real estate, land and construction area. So the firm has joined the list of qualified counterparties to be invited by the Trust National Bank to participate in tenders for legal services in these spheres. As a reminder, Maxima Legal was also accredited by the Trust…
19.03.2021
Sergei Bakeshin has commented for the Pravo.ru on the ruling of the Supreme Court of the Russian Federation on choice of law
A Russian car manufacturer and a subsidiary of a Chinese supplier of parts are in litigation over the contract which prescribed resolving differences under Swedish law. However, the courts in three instances refused to allow the companies to apply Swedish law to the dispute. The Russian Supreme Court sent the dispute back for reconsideration,…
18.03.2021
Kommersant Publishing House confirms Maxima Legal's expertise in 34 nominations of its own legal rating
Kommersant Publishing House has published its own annual research of legal business in Russia. According to the results, Maxima Legal has confirmed its reputation of one of the leading legal advisors in Russia with 34 rating nominations. In particular, the Kommersant has included the company in its list of recommended law firms in 13 practice…
17.03.2021
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
In November 2020 the Commercial Court of St Petersburg and Leningrad Region opened bankruptcy proceedings against Sevkabel, a major St Petersburg cable manufacturer. The company acted as a guarantor on billion-dollar loans of the Rosscat holding company, of which it was a part and which was declared insolvent last spring. At the end of February…
09.03.2021
Sergei Bakeshin has commented to the Novy Prospect on the transfer of Svetlana`s controlling interest to a closed-end investment fund
As a result of an additional share issue Fifth Element has gotten 77.5% of shares of Svetlana PJSC. So the fund has become a new majority shareholder instead of legal entities affiliated with the developer Andrey Berezin. As Sergei Bakeshin, a senior associate at Maxima Legal, explained to the Novy Prospect online edition, that closed-end…
04.03.2021
Sergei Bakeshin has explained the specifics of debtor's initiation of their own bankruptcy for the Novy Prospect
Rassvet, the only cattle fattening company in the Leningrad region, filed for bankruptcy. The enterprise has been steadily making losses over the last few years, and its owner, Rosselkhozbank, even with the support of the regional authorities, failed to find an investor willing to take over the business. "In practice, a debtor files for bankruptcy…
01.03.2021
Sergei Bakeshin has commented for the Kommersant on the situation around the bankruptcy of the Talion group of companies in connection with the debts of more than 40 billion rubles
VEB.RF has filed for bankruptcy of two companies of billionaire of Alexander Yebralidze's Taleon Group. The state corporation is demanding 3.5 billion and 7 billion rubles from them respectively, and also requests the Commercial Court of St Petersburg and the Leningrad Region to declare insolvent Alexander Ebralidze and his former business partner…
18.02.2021
Sergei Bakeshin has explained to the DP why financial authorizes cannot appeal against court decisions in tax disputes
13th Commercial Court of Appeal stopped proceedings on the complaint of the Finance Committee of the Leningrad region. The court had asked to reconsider a decision that was not in favor of the Federal Tax Service: the company Gotek North-West managed to prove that tax authorities charged additional 378 million rubles of property tax arrears.…
12.02.2021
Sergei Bakeshin told the Novy Prospect about the practice of amicable settlements in bankruptcy cases
Commercial court of St Petersburg and Leningrad region approved amicable settlement between creditors of Saint Petersburg Pharmaceutical Factory JSC and the factory itself thus terminating the bankruptcy case. The document was concluded "with a view to restore the debtor's solvency" which has got a chance to recover and will have to pay about 195…
10.02.2021