Sergey Bakeshin ha provided his comments to Delovoy Peterburg about the insolvency of Baltiiskya Solodovennaya Kompaniya
In July Promsvyazbank, which is under sanctions from the Central Bank, announced its intention to petition for the insolvency of Baltiiskya Solodovennaya Kompaniya (BSK); however, the company pre-empted the bank and petitioned for its own winding-up, on the basis of which insolvency will proceed on a simplified procedure.
According to Senior Associate at Maxima Legal, Sergey Bakeshin, the interest of the bank are motivated by a desire to recover its money that had been invested by the bank’s previous owners. “I am not certain, but I suspect, that BSK is affiliated with the previous owners of Promsvyazbank. Whilst the initiative is with BSK, but insolvency is a long process, and the situation can change”, explained Sergey to Delovoy Peterburg.
To read the article in full, please see the Delovoy Peterburg website.