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THE ESTONIAN AIRLINE IS PREPARING FOR BANKRUPTCY

... begin in the coming days. All procedures related to insolvency will be performed at the same time. Employees and partners will receive notifications. The Estonian structure dealing with the problem of unemployed employees will be informed about the bankruptcy. NAG appeared in 2015. This happened after the leading carrier, Estonian Air, was declared bankrupt. Initially, the company's mission assumed that it would establish air links with the Estonian capital and develop market competition. In 2019,...

IN THE EVENT OF BANKRUPTCY OF THE SNT, CITIZENS HAVE THE RIGHT TO EXCLUDE EQUITY PLOTS FROM THE BANKRUPTCY ESTATE

In the framework of the bankruptcy case (No. A56-106590/19), the applicants appealed to the court with demands for the exclusion of land plots from the bankruptcy estate of the debtor. The courts of two instances refused to satisfy the claims, referring to the fact that the ...

THE BANKRUPTCY PROCEDURE OF THE BANK "PRIORITY" HAS BEEN COMPLETED IN SAMARA

On November 12, 2024, the Samara Arbitration Court completed the bankruptcy procedure of Priority Bank (case No. A55-23933/2014). The decision to terminate the bankruptcy proceedings was made on November 11. The procedure lasted about 10 years after the organization lost its license. During the last stage of the litigation,...

KURGANSTALMOST IS TRYING TO GAIN CONTROL OVER THE BANKRUPTCY OF KST COMBINE

The flagship of the trans-Ural construction industry, the Kurganstalmost company, is actively trying to gain control over the bankruptcy process of the associated frame-building technologies plant (KST). In August of this year, the Arbitration Court introduced bankruptcy proceedings under the CST (case no. A34-1109/2023). The company of the Paryshev family (owners of Kurganstalmost) ...

AMERICAN FAST FOOD CHAIN TGI FRIDAY'S INITIATED BANKRUPTCY PROCEEDINGS

A chain of catering companies in the United States has declared bankruptcy. TGI Friday's, which is known for its relaxed atmosphere and traditional American cuisine, filed a complaint with the Northern District Court of Texas. The firm referred to Chapter 11 of the U.S. Bankruptcy Code. This suggests that the organization ...

THE COURT EXTENDED THE BANKRUPTCY PROCEEDINGS OF GOOGLE'S "DAUGHTER"

The Arbitration Court of the capital extended the bankruptcy proceedings against the Russian "daughter" of Google (Google LLC) for another 6 months. In total, over 8.5 billion rubles have been recovered from the bankruptcy estate. According to the bankruptcy trustee, quoted by the ...

FEATURES OF CHALLENGING CORPORATE OPTIONS IN BANKRUPTCY

... future. But the legal position of the debtor and the second participant in the option grant transaction that existed during the term of the option indicates that the share in the authorized capital of the company that is currently of interest to the bankruptcy trustee has never belonged to the debtor. Thus, the contested transactions are not harmful in terms of depriving the debtor of his real property. In essence, the dispute is stated that the debtor has lost something that did not belong to him ...

THE ACTUAL BENEFICIARY OF THE BUSINESS CAN RESPOND WITH LOSSES TO THE CONTROLLED PERSON IN HIS PERSONAL BANKRUPTCY

The creditor applied to the court for inclusion of the claim in the debtor's register (case no. A60-49300/21). The courts of two instances refused to satisfy the application, citing the fact that there was a lease relationship between the debtor and the creditor, but the fact that the debtor caused losses to the creditor has not been proven. The cassation sent the dispute for a new consideration, pointing out that as one of the reasons for refusing to satisfy the stated claims for recognizing the...

THE QUESTION OF WHETHER THE DEBTOR HAS THE STATUS OF A SERVICEMAN IS IMPORTANT IN BANKRUPTCY

The bank applied to the court to declare the citizen bankrupt (case no. A42-2100/23). The courts of two instances recognized the application as justified, after which the debtor's ex-wife appealed to the court with a cassation complaint against judicial acts. The district court sent the case for reconsideration and noted the following: • The Bank and the person not involved in the case, Rosvoenipoteka, do not deny that the debtor continues to be a participant in the accumulative mortgage system...

TAMBOV ELECTRIC GRID BUILDER WAS THREATENED WITH BANKRUPTCY

The Moscow company A-5 (INN 7713425383), specializing in the wholesale trade of heating and plumbing equipment, warned the Tambov company InkomNefteRemont (INN 7709424027) of its intention to initiate its bankruptcy. The publication was posted on the Fedresource portal. As the basis for bankruptcy, A-5 indicates the presence of 2.2 million rubles of debt, confirmed by the decision of the Moscow Arbitration Court in May 2024 (case No. A40-54877/24-25-359 ...

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