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THE COURT DEFENDED THE RIGHTS OF AN EQUITY PARTICIPANT IN A DISPUTE WITH A BANKRUPT

... same time, as the Supreme Court pointed out, when considering this dispute, the courts needed to check not only the circumstances cited, but also to establish the grounds for the company's unilateral refusal of the contract of participation in shared construction if there are relevant objections of the participant of shared construction involved in the case. However, the arguments, as well as the evidence of the company, which were attached to the case materials, were not given a legal assessment ...

THE SUPREME COURT WILL SORT OUT THE CONVERSION OF MONETARY CLAIMS OF AN EQUITY PARTICIPANT TO A BANKRUPT DEVELOPER

... which are included in the register in monetary terms. Subsequently, during the consideration of the case, the LLC's application for the intention to become an acquirer of a land plot with inseparable improvements located on it – an object of unfinished construction (a multi-storey residential complex - 65% readiness) was satisfied, and to fulfill the obligations of the developer to the construction participants, whose requirements are included in the register of requirements of construction participants....

THE HEAD OF THE SARATOV DEVELOPER WILL BE CONVICTED OF PREMEDITATION

The ex-head of CJSC PP ZhBK-3 in Saratov will be tried under Article 196 of the Criminal Code of the Russian Federation. The company was engaged in the construction of the residential complex "Victory", attracting the funds of shareholders, however, the buildings under construction did not begin to be operated, and the organization itself went bankrupt. The head of the enterprise, according ...

THE SCANDALOUS DEVELOPER FROM KHMAO WAS TAKEN UNDER SURVEILLANCE

... the owners of the organization are Nariman Aliyev and Faig Zhafarov, each of whom owns shares of 45%. The third founder with a 10% stake is Dilgam Mammadov. At the same time, all shares are pledged by Sberbank. Experts emphasize that until 2018, the construction holding successfully operated in the KhMAO market, winning various government contracts. However, then the situation began to change. The company was involved in the main scandal that arose around the clinical hospital of Nizhnevartovsk, ...

PETROSTROY WAS OFFICIALLY DECLARED BANKRUPT

... More than 4 thousand shareholders who hoped to move into residential complexes remained deceived. Now the region has to deal with the completion of facilities, and officials are trying to attract funds from extra-budgetary sources to participate in the construction. About 8 billion rubles are not enough to complete the construction. Judging by the words of the deputy chairman of the regional government, Yevgeny Baranovsky, the authorities are very much counting on the right actions of the manager, who ...

Russian prosecutors may be given the right to participate in bankruptcy of developers

Employees of the prosecutor's office will be able to enter into the process of bankruptcy of construction companies - the initiative of the Prosecutor General's Office may soon be submitted for consideration to Russian legislators. The head of the department, Igor Krasnov, published information in the Federation Council and noted that the relevant ...

Film studio may appear in space by December 2024

... that one of the films that is planned to be made at the new space facility will be a picture of Tom Cruise. Created in zero gravity, the studio will allow you to create space content, as well as broadcast what is happening live, reports Variety. The construction of the facility was entrusted to Axiom Space, which received NASA's consent to carry out work on the creation of a commercial component of the ISS a year earlier. It is already known that the built module, called Axiom Station, will dock ...

Irkutsk company intends to drive CSKA football club to bankruptcy

... Business’, the Irkutsk company may apply to the court for bankruptcy due to a debt of 348.5 million rubles. The debt was recognized as a result of legal proceedings, as Beta is the legal successor of F-Group. F-Group acted as the general contractor for the construction of VEB Arena. At the moment, ‘F-Group’ is declared bankrupt, but in 2020, the company filed a lawsuit against the football club, demanding almost 549 million rubles for unjust enrichment. The plaintiff's position was based on the fact that ...

Krasnodar holding ‘OST’ launched bankruptcy proceedings

... but the court agreed to include only 2.337 million rubles of the principal debt in the register of creditors’ claims and almost 85 thousand of penalty. The ‘OST’ group of companies, the owner and head of which is Alexander Pak, has been engaged in the construction of residential buildings (in particular, 57 houses in the Gidrostroiteley microdistrict), administrative buildings, gas stations and oil depots. The company finished last year with an insignificant profit of 49 thousand rubles, having attracted ...

91 real estate developers went bankrupt in Russia over the first five months of 2021

91 organizations that were engaged in construction of multi-apartment residential buildings in the country declared insolvency. In total, 165 buildings, the useful area of which is more than 1 million square meters, remained unfinished. As a result, the growth in the number of bankrupt ...

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