Sergei Bakeshin has commented to Kommersant on the prospects of bankruptcy of the co-owners of Unisto Petrostal Group of Companies
Bank Saint Petersburg has started bankruptcy proceedings against the president and main owner of Unisto Petrostal Group of Companies, Vladimir Oksman, as well as former co-owners of the group, Igor Tolstykh and Olga Pokrovskaya. All of them acted as guarantors for loans of Unisto Petrostal Group of Companies for a total amount of 1.5 billion…
07.10.2019
IFLR1000 international rating has again listed Maxima Legal in three areas of law
For the third time in a row, British legal publication IFLR 1000 has included Maxima Legal in the list of leading Russian advisers in the fields of restructuring and insolvency, mergers and acquisitions, as well as project financing and PPP. “For many years, IFLR 1000 analysts have positively assessed the level of expertise of Maxima Legal lawyers…
26.09.2019
Sergei Bakeshin has commented to Peterburg Dnyevnik of possible restrictions on catering services in residential buildings
The State Duma is considering a draft law that would impact on bars, restaurants and cafes, which are located in and nearby to residential buildings. According to Maxima Legal’s Senior Associate, Sergei Bakeshin, the most dangerous thing in the new bill is the possibility to restrict bars following a decision of a general meeting of owners of a…
23.09.2019
Sergei Bakeshin has evaluated for RBC the chances of challenging sales of land
A well-known St Petersburg businessman and the owner of the First Furniture Factory, Alexander Shestakov, through court is challenging the results of the auction for the sale of land on Kamenny Island. According to the businessman, when a single application had been received during the bidding, the time for submitting further bids should have been…
20.09.2019
Sergei Bakeshin has commented to Delovoy Peterburg on the abolition of the legislative acts from the Soviet period
The Prime Minister of the Russian Federation Dmitry Medvedev, in the framework of the reform, called the “regulatory guillotine”, signed an order according to which more than 20,000 acts adopted during the USSR should cease to be effective from the beginning of 2020. In this regard, the federal authorities should have time to study the list of…
16.09.2019
Sergei Bakeshin commented to Kommersant on the insolvency of a major residential real estate developer in the Leningrad Region
The fund for the protection of citizens’ rights and participants in a building construction, Dom.RF, has a right to petition on behalf of defrauded equity holders for the insolvency of the building developer, which had delayed completing construction by more than six months. Classification of the developer as insolvent will enable the construction…
28.08.2019
Sergei Bakeshin has provided his comments to Kommersant on the withdrawal of the accreditation of an bancrupty administrator
The fund for the protection of citizens’ rights and participants in a building construction, Dom.RF, have revoked the accreditation of bancrupty adminstratior, Daniil Fedichev. The decision was made after the parties became aware that Mr. Fedichev had incurred administrative liability in January 2016. Head of the Dispute Resolution and…
26.08.2019
Sergei Bakeshin has provided his assessment for Kommersant of a dispute with LOKS and Fiskars
LOKS is currently suing the Russian subsidiary of the Finnish gardening goods manufacturing, Fiskars Group. According to LOKS, during the construction of a new assembly shop in the Tosnensky district of the Leningrad region, the company did not apply for an increase in capacity, but made an unauthorized cut in the water supply system as a result…
21.08.2019
Sergei Bakeshin has talked to RBC about the use of a rare insolvency mechanism
RBC Pro published a review on the use of an asset replacement mechanism as part of the insolvency procedure, which allows for the transferring of shares in companies specially created on the basis of the property of the debtor to creditors. Head of Dispute Resolution and Insolvency Practice at Maxima Legal Sergei Bakeshin told RBC Pro that he had…
21.08.2019
Sergei Bakeshin has provided his comments to Pravo.ru on directors incurring subsidiary responsibility
According to Fedresurs, a record number of directors incurred subsidiary liability in 2018. The mechanism may be used against a director of a company on the grounds of dishonesty or unreasonable performance of his/her duties, refusal to hand over financial documentation to an bankrupty manager or following the late filing a insolvency petition.…
07.08.2019