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ST. PETERSBURG DEVELOPERS HAVE CONCLUDED A SETTLEMENT AND AVOIDED BANKRUPTCY

... Swedish construction company Bonava in 2019. The most active critic of the architecture of the project was then the speaker of the St. Petersburg Legislative Assembly Vyacheslav Makarov. The conflict relations between the structures of PLG (formerly Plaza Lotus ... ... The stumbling block was the project of a hotel located near the Peterland shopping center on the shore of the Gulf of Finland. Alfa Faberge managed to buy it out from the holding company founded by the Zingarevich brothers by acquiring the company that ...

ST. PETERSBURG DEVELOPER IS THREATENED WITH BANKRUPTCY

... A56-16843/2024). The judicial act on the acceptance of the claim for consideration has not yet been adopted. The amount of the claim is also not known. The two firms have been conducting legal proceedings since last summer. The reason for the dispute was the St. Petersburg hotel. Alfa Faberge bought his project from PLG (former name – Plaza Lotus Group) in the fall of 2022. Experts estimated the deal at 900 rubles. The deal involved the purchase and sale of 11 promissory notes in the amount of 93.2 million. The development company ...

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