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IF YOU ROB A MANAGEMENT COMPANY, YOU SHOULD EXPECT A SUBSIDY

The manager applied to the court for bringing the controlling persons to subsidiary responsibility (case no. A67-9420/20). The courts of two instances refused to satisfy the application, recognizing as erroneous the claim that the funds received from the public were spent by the controlling persons at their own discretion in violation of the priority of satisfying creditors' claims. The cassation partially satisfied the application, since the target funds received by the debtor from consumers in...

A LAWSUIT FOR 400 MILLION WAS FILED AGAINST RAVIL ZIGANSHIN'S COMPANY

The Volga Construction Company filed an application to the arbitration of Tatarstan, demanding 400 million rubles from the Kazan Industrial and Construction Association. Both organizations are in bankruptcy, which may affect the course of the litigation. The application was registered in the judicial file (case no. A65-798/2025). The plaintiff's representative did not attend the first hearing. In this regard, the court postponed the consideration ...

WILDBERRIES DEMANDS 42 BILLION FROM BAKALCHUK'S COMPANY

Wildberries, which holds a leading position in the field of online commerce in Russia, has filed a lawsuit against WB Development. The essence of the requirements is to return 42 billion rubles, which were allocated for the implementation of projects for the construction of logistics centers. According to representatives of RVB (the combined company of Wildberries and Russ), quoted by TASS, WB Development was required to report on the intended use of funds, but this was not done. Moreover, the company...

PREMATURE RELEASE FROM OBLIGATIONS IS UNACCEPTABLE

... its obligations, the courts of two instances concluded that the case materials did not contain evidence indicating the presence of abuses in the debtor's actions aimed at intentionally avoiding repayment of debts, or committing actions that impede the bankruptcy procedure, including actions to conceal liquid assets. The cassation sent the issue for reconsideration, since when investigating the circumstances of abuse on the part of the debtor in the form of evasion from repayment of accounts payable,...

THE DEFENDANTS IN THE BRIBERY CASE AT THE BALTIC PLANT WERE GIVEN PREVENTIVE MEASURES

... for the Baltic Plant. Earlier it became known about the difficult financial situation at the enterprise. Despite the fact that the plant completed 2024 with a profit, the management acknowledged that due to accumulated debt obligations, the risk of bankruptcy is still high. The company's published annual report talks about the possibility of financial collapse. In 2016, the plant was already going through insolvency. Then, as a result of the trial, a settlement agreement was concluded with a debt ...

PUBLIC INTERESTS MUST ALSO BE TAKEN INTO ACCOUNT

... municipal ownership, but the kindergarten and school are not included in the list. The cassation sent the dispute for reconsideration, since the courts did not take into account that the finding of disputed real estate objects as part of the debtor's bankruptcy estate and their subsequent sale at auction pursues the sole purpose of satisfying creditors' claims, that is, resolving the dispute in favor of private law interests, but calls into question the possibility of realizing public interests. The ...

YOU CAN ALSO TRANSFER DOCUMENTS TO THE MANAGER THROUGH ELECTRONIC DOCUMENT MANAGEMENT.

... should be regarded as deliberate actions by the debtor's controlling person to dispose of the debtor's liquid assets. The cassation sent the dispute for reconsideration in part, concluding that the courts mistakenly set the date of the debtor's objective bankruptcy and did not take into account the impact of the COVID-19 pandemic and related restrictions on the debtor's restaurant activities. In addition, the courts did not take into account the fact of the transfer of documentation through the electronic ...

VLAD PAPER'S BUSINESS IN RUSSIA IS UNDER THREAT OF BANKRUPTCY

... divided between several legal entities. The Belarusian entrepreneur carries out his blogging activity directly through the Achetyre company. Its revenue in 2023 is 794 million, and its profit is 377.3 million. In its publication about plans to initiate bankruptcy, Paper Paper identified two creditors. In addition to Wild Russia, the largest financial institution in the country, Sberbank, appears on the list. In accordance with the regulatory requirements of the law "On Bankruptcy", a firm ...

A CITIZEN WILL NOT BE RELEASED FROM OBLIGATIONS UNDER AN ENTREPRENEURIAL LOAN

The manager applied to the court for the completion of the procedure for the sale of the citizen's property (case no. A76-43079/22). The court of first instance released the debtor from his obligations, with the exception of obligations to the bank, since the debtor provided distorted and unreliable information about the income level when receiving credit funds from the bank. The appeal released the debtor from all obligations, noting that at the time of assuming credit obligations, the debtor was...

THE HEAD OF THE URAL FAVORITE FACTORY WAS DECLARED BANKRUPT

... their claims from the moment of the official announcement of the start of the restructuring. Meanwhile, Fabrika Favorit faced its own difficulties. Back in December 2024, entrepreneur Nikolai Dremin, the legal successor of Barnaul Dairy Plant, filed for bankruptcy of the company, pointing to a debt of 2.22 million. Other creditors also intervened in the case, including Rosselkhoznadzor with claims for 14.37 million and 926 thousand. Currently, nine court cases have been opened against the company for ...

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