RusBankrot
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05/12/2025
Friday
THIS DAY IN HISTORY:
5 December 
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
5 December
1936 The Stalinist Constitution of the USSR was adopted.
1936 the Stalinist constitution of the USSR was adopted.
1484 Pope Innocent VII initiated the "witch hunt".
1456 An earthquake that destroyed Naples occurred - 35 thousand people died.
1456 occurred an earthquake that destroyed Naples - 35 thousand people died.
THE SOUTH AFRICAN COURT UPHELD THE DECISION OF THE RUSSIAN ARBITRATION COURT TO RECOVER 10 BILLION FROM GOOGLE.
The situation related to the recovery of 10 billion rubles from Google Corporation in favor of its bankrupt domestic one has gone beyond national jurisdiction and acquired international significance. In August, the Supreme Court of South Africa granted the petition of Valery Talyarovsky, who was approved for the role of Google's managing director. Themis has issued a ruling seizing Google's property within its jurisdiction. In addition, the court confirmed that KU is authorized to represent the interests of a Russian legal entity in the process.
This step is the first time that a court decision adopted in the Russian Federation is recognized in the jurisdiction of another state. According to lawyers, the legal mechanism aimed at collecting funds allows extending similar measures to other countries where the American corporation has assets. Similar statements have already been sent to the judicial authorities of other countries.
The legal basis of the application dates back to April 2024. It was then that KU challenged the payment of Google's dividends to the parent company in the capital arbitration (AC GM). The transfer of money was made shortly after the act of the AU GM on the company's obligation to unblock the Tsargrad channel on YouTube came into force. According to KOO, Google similarly sought to circumvent the court's decision by zeroing its accounts under the guise of cross-border payments.
Subsequently, the AU GM ordered to return to the bankruptcy estate not only the accrued dividends, but also the related tax payments, about 10 billion. This verdict became the basis for the start of the international recognition and enforcement procedure initiated by the CU.
At the same time, the parent structure tried to block the execution of decisions of the courts of the Russian Federation abroad. So, in August last year, the corporation filed a lawsuit in California against RT, Spas and Tsargrad TV channels. At the same time, the organization sought an injunction to consider such cases in foreign courts, citing violated legal principles.
But last month, Google dropped such demands. The District Court in California approved the agreement, which in fact confirms that the American side has no legal grounds for such interference.
Russian media companies have already achieved recognition of judicial acts in several countries. This creates opportunities for their execution abroad, increasing the risks to Google's assets. The situation is also aggravated by the litigation related to the disclosure of information. Last December, the Orthodox Television Foundation (NPO) filed a complaint with the SEC. The plaintiff accused Google's parent company of hiding data on court risks in public reports. According to the applicants, the company violated the rules of American stock exchanges by not reflecting information about processes that may affect foreign assets.
The established precedent in South Africa demonstrates that Russian judicial acts can be successfully enforced in foreign legal systems. If the practice spreads to other jurisdictions, Google will face complex international pressure, including both financial and reputational consequences.
This step is the first time that a court decision adopted in the Russian Federation is recognized in the jurisdiction of another state. According to lawyers, the legal mechanism aimed at collecting funds allows extending similar measures to other countries where the American corporation has assets. Similar statements have already been sent to the judicial authorities of other countries.
The legal basis of the application dates back to April 2024. It was then that KU challenged the payment of Google's dividends to the parent company in the capital arbitration (AC GM). The transfer of money was made shortly after the act of the AU GM on the company's obligation to unblock the Tsargrad channel on YouTube came into force. According to KOO, Google similarly sought to circumvent the court's decision by zeroing its accounts under the guise of cross-border payments.
Subsequently, the AU GM ordered to return to the bankruptcy estate not only the accrued dividends, but also the related tax payments, about 10 billion. This verdict became the basis for the start of the international recognition and enforcement procedure initiated by the CU.
At the same time, the parent structure tried to block the execution of decisions of the courts of the Russian Federation abroad. So, in August last year, the corporation filed a lawsuit in California against RT, Spas and Tsargrad TV channels. At the same time, the organization sought an injunction to consider such cases in foreign courts, citing violated legal principles.
But last month, Google dropped such demands. The District Court in California approved the agreement, which in fact confirms that the American side has no legal grounds for such interference.
Russian media companies have already achieved recognition of judicial acts in several countries. This creates opportunities for their execution abroad, increasing the risks to Google's assets. The situation is also aggravated by the litigation related to the disclosure of information. Last December, the Orthodox Television Foundation (NPO) filed a complaint with the SEC. The plaintiff accused Google's parent company of hiding data on court risks in public reports. According to the applicants, the company violated the rules of American stock exchanges by not reflecting information about processes that may affect foreign assets.
The established precedent in South Africa demonstrates that Russian judicial acts can be successfully enforced in foreign legal systems. If the practice spreads to other jurisdictions, Google will face complex international pressure, including both financial and reputational consequences.
10.10.2025
