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BASHKIRIA RECOVERED INDUSTRIAL ASSETS FROM EX-GAZPROM CEO

On April 4, 2024, entrepreneur Mityushov was stripped of shares and stakes in a number of industrial companies in Bashkiria. All of them were transferred to the revenue of the Russian Federation. The relevant decision was made by the Bashkiria Arbitration Court (AS RB) at the request of the country's Prosecutor General's Office. Representatives of the Prosecutor General's Office in court explained the need for immediate execution of the judicial act. They pointed out the importance of ensuring the...

PROPER NOTIFICATION IS WHEN THE CIRCUMSTANCES OF THE DELIVERY OF JUDICIAL CORRESPONDENCE ARE CHECKED.

... risks. Also, in the opinion of the instance, the court of appeal, when verifying the argument on the limitation period, did not take into account the defendant's justification for his ignorance of the existence of a dispute and the circumstances of the debtor's bankruptcy that are significant for calculating the limitation period.

MYASNOYE PODVORYE WAS DECLARED BANKRUPT

... insolvent. The company, which has been producing frozen semi-finished products since 2015, has been unable to meet its financial obligations to creditors. Last spring, Otkritie FC Bank, which was the main creditor, initiated insolvency proceedings. The debt at that time amounted to 298.5 million rubles. The arbitration recognized that the company's assets could not cover such a large debt. The monitoring procedure was introduced in June 2024. The court approved Maxim Volkov for the role of manager ...

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

... 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 the amount of were not transferred to resource-supplying organizations. The presence of established accounts payable to resource-supplying organizations indicates a violation by the debtor of the mandatory procedure for the distribution ...

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 of the case to a later date. The reason for the postponement...

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

The financial manager applied to the court for the completion of the procedure for the sale of the debtor's property (case no. A49-11285/21). In releasing the debtor from 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 ...

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

... not the only reason for concern 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 ...

PUBLIC INTERESTS MUST ALSO BE TAKEN INTO ACCOUNT

... to the court for the transfer of social facilities to municipal ownership (case no. A41-18534/19). The courts of two instances refused to satisfy the application, noting that the land plots on which the construction was carried out belonged to the debtor by right of ownership, and the municipal authorities did not participate in the execution of the agreement through financing or provision of municipal property. Moreover, the agreement defines a list of property transferred free of charge to municipal ...

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

... the court for bringing the controlling persons to subsidiary responsibility (case no. A40-267103/21). The courts of two instances, partially satisfying the application, were guided by the fact that one of the defendants had not been provided with the debtor's documents, which made it impossible (or difficult) to collect the receivables and challenge the contracts. The courts also pointed out that the absence of assets should be regarded as deliberate actions by the debtor's controlling person to dispose ...

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