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 Yakov Barsky. The amount and substance of the claims are not specified in the court materials. According to VEB.RF representative, the bank is ready to sign an amicable agreement on condition that it secures repayment of the debt, which exceeds 35 billion rubles.

At the same time, another conflict between the Talion Group and the Sankt Petersburg Bank is developing in the commercial court. The bank is seeking bankruptcy proceedings against other group companies – Eliseev Palace Hotel CJSC, which owes it 5.5 billion rubles, and Talion JSC, a guarantor on this loan.

The trigger for VEB.RF’s actions could have been JSC Talion’s bankruptcy petition filed by Bank Saint Petersburg in January, Sergei Bakeshin, head of Maxima Legal’s dispute resolution and insolvency practice, suggested. The creditor who was the first to apply to court may propose the candidate of bankruptcy manager and by that obtain a certain control over the procedure and leverage on the debtor, the expert explained to the Kommersant newspaper.

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