Sergei Bakeshin has commented on Business FM St Petersburg on an initiative of the Central Bank of the Russian Federation on combating the withdrawal of assets by owners of financial organisations
The Central Bank has proposed the creation of a new legal mechanism that will allow it to block accounts and transactions with property of the owners of financial institutions before the court decides to recover losses from them. The existing procedure of the Central Bank of the Russian Federation is not adequate, since it is applied after a…
17.10.2019
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 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 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
Sergei Bakeshin has commented on the insolvency of Petroholod JSC
NBK-Construction LLC petition for the insolvency of Petroholod JSC, affiliated with the St. Petersburg ice cream factory of the same name. According to the case file, the amount of claims is 244.5 million rubles. At the same time, shortly before receiving the petition for insolvency, Petroholod JSC decided to dissolve itself. Sergei Bakeshin, Head…
03.07.2019
Maxima Legal lawyers have participated in the preparation of the international review of Bankruptcy, Insolvency & Rehabilitation Proceedings
The International Lawyers Network Association has engaged Maxima Legal's lawyers in the preparation of an international reference publication Bankruptcy, Insolvency & Rehabilitation Proceedings. Specially for the thematic brochure, assosiate at Maxima Legal Dmitry Uryakin and the Head of the Insolvency practice Sergei Bakeshin described the…
14.06.2019