Sergei Bakeshin has explained to DP what affects the cost of bankruptcy litigation

‘DP-Analytics. Legal Services Market’ research conducted by Delovoy Peterburg newspaper showed that in the first half of 2024, bankruptcy disputes in St Petersburg were the most expensive in terms of legal support - about RUB 5.7 mn for three instances. At the same time, according to Fedresurs, the region ranked third in terms of the number of…


Sergei Bakeshin explained to Pravo.ru the importance of the position of the Supreme Court of the Russian Federation in a dispute over interim measures imposed on the property of a debtor's relatives

In 2019, ex-banker Magomed Mukhiev was convicted of fraud and embezzlement of deposits in nine banks controlled by him. The court sentenced Mukhiev to ten years in prison with a fine of RUB 9.5 mn. Later, the convict initiated a personal bankruptcy procedure, within the framework of which the Deposit Insurance Agency (bankruptcy trustee) applied…


Dmitry Uryakin commented to Novy Prospect on the creditors' attempt to conclude an amicable agreement with Udarnik poultry farm

The creditors of the Udarnik poultry farm have started negotiating an amicable settlement agreement, according to which they want to extend debt repayment for 14 years. The amount of debt included in the creditors' register is RUB 2.75 bn (RUB 664.7 mn is secured by collateral). They plan to use funds from the company's business activities and…


Dmitry Uryakin told DP about the consequences of bringing entrepreneurs to subsidiary liability

The Delovoy Petersburg newspaper has drawn attention to a steady nationwide trend towards an increase in the number of applications granted by commercial courts to bring company owners to subsidiary liability. If in 2019 the courts validated 41% of applications filed by creditors and arbitration managers, in 2023 - 51%. At the same time, there is…


St Petersburg legal community named Maxima Legal one of the best law firms in the city, and Leonid Filanovskiy was named the Advocate of the Year

For the fourth time Delovoy Peterburg newspaper summarised the results of  "Yurtop: Team Scoring" the rating, a survey of St Petersburg based law companies on the assessments of the market participants. The opinion of the professional community once again confirmed the level of Maxima Legal's expertise. The company was ranked among the…


Sergei Bakeshin assessed for DP the impact on bankruptcy practice of the amendments to the bankruptcy law proposed by the Supreme Court of the Russian Federation

On the 12th of March, the State Parliament passed in the first reading a bill introduced by the Supreme Court amending the law of bankruptcy. Sergei Bakeshin, Counsel, Head of Dispute Resolution and Insolvency Practice at Maxima Legal, assessed the impact of these amendments on the insolvency practice development specially for Delovoy Petersburg…


Sergei Bakeshin analysed for Novy Prospect the attempt by the PESC to bankrupt a St. Petersburg manufacturer of meat products

An insolvency petition filed by St. Petersburg Power Supply Company (PESC) against Parnas-M, a large St. Petersburg producer of meat products, has been registered in the file system of arbitration cases. The reason is the debt for consumed electricity. The amount of claims in the statement is RUB 8.3 mn. In total, at the beginning of April the…


Dmitry Uryakin has commented for NP on the termination of the bankruptcy case arising from a debt of over RUB 1 bn

The Commercial Court of St Petersburg and the Leningrad Region decided to terminate proceedings on a claim filed by Rosselkhozbank to declare Molochnaya Kultura (Dairy Culture ) LLC, a company of the same name holding, bankrupt. The court also ruled on the insolvency petition of Seltso JSC, which is part of Molochnaya Kultura. The dispute is about…


For the fifth time Pravo-300 rating included Maxima Legal team in the list of recommended lawyers

Pravo-300, the key Russian legal ranking, has published individual recommendations of lawyers practising in various areas of law. According to the results of the survey for 2023, personal recognition in 11 areas of law was given to 8 Maxima Legal lawyers who played a leading role in the firm's most highly rated projects for the period from…


Sergei Bakeshin has commented for NP on the bankruptcy of Plant named after Filatov

Pharmaceutical Plant named after Filatov is in bankruptcy proceedings. In 2022, external management was introduced at the plant, and in early 2023, the Commercial Court of St Petersburg and the Leningrad Region granted the application of Dialog LLC on its intention to repay the claims of the company's creditors in the amount of RUB 1.2 bn.…