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A LARGE CHEESE PRODUCER HAS GONE BANKRUPT IN ST. PETERSBURG

Arkon Retail, a well-known cheese manufacturer and supplier of dairy products, has declared bankruptcy in St. Petersburg. The court opened bankruptcy proceedings in this case. The debt in the amount of 92,464,101.01 rubles was included in the register of claims. Irina Kopus, representing the Self-regulatory Organization of Arbitration Managers "Strategy", was approved for the role of bankruptcy trustee It is ...

THE TAX AUTHORITIES WILL BANKRUPT THE STRUCTURE OF THE DEVELOPER FROM ST. PETERSBURG

On June 2, 2024, the arbitration court in St. Petersburg received a statement of claim from the tax authorities (FTS No. 16). In it, representatives of the fiscal department demanded that the company "Basis", which is owned by SZ SPB Srednerogatskaya (Seven Suns Development ...

ST. PETERSBURG DEVELOPERS HAVE CONCLUDED A SETTLEMENT AND AVOIDED BANKRUPTCY

... Vitaly Bakharev. The company gained fame by acquiring the Meltzer Hall residential complex construction project from the 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 Group) and the Bakharev company began in 2022. The stumbling block was the project of a hotel located near the Peterland ...

ST. PETERSBURG DEVELOPER IS THREATENED WITH BANKRUPTCY

... 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 ... ... Bakharev, quoted by the Business Petersburg edition, there are no grounds for bankruptcy of the company. A firm can close a debt approved by a court decision if it receives a writ of execution. At the same time, Bakharev stressed that the company's obligations ...

THE LAST LAND SUPERMARKETS HAVE CLOSED IN ST. PETERSBURG

... Peterburg newspaper, 195 claims were submitted to arbitration last year against the retailer's parent company TC Land. In 2021, there were 71 such appeals. In 2022, the network owed 111 million rubles to its counterparties, while a year earlier the debt was just over 30 million rubles. In early November 2022, the tax authorities filed a bankruptcy claim against TC Land. The amount of financial claims from the St. Petersburg Federal Tax Service No. 23 exceeded 12 million (case No. A56-111227/2022). The claim of the tax authorities was initially left without movement (until December 23), and then returned to the applicant. And the "baton" in the bankruptcy ...

BUSINESS WRITER THREATENS BANKRUPTCY OF ST. PETERSBURG BOOKSTORE

... the amount of 75% of the amount owed in case the store could not pay on its own. The Writers' Bookstore could not repay its debts in time, having found itself in the abyss of litigation with Sberbank, and subsequently with the state corporation, which ... ... to return the amount deposited with the guarantee. It is known that the store itself is located in the historical building of St. Petersburg, where Wolf's bookstore was located more than a hundred years ago. The founders of the ANO are writers' unions....

ST. PETERSBURG CITY IS ON THE VERGE OF BANKRUPTCY

... historical fund and the restoration of cultural sites. This will require 7.4 trillion rubles more. The budget deficit could reach 1.5 trillion rubles, significantly exceeding the data released at the meeting in Smolny. In August 2021, FederalCity agency put St. Petersburg on the 7th line in the rating of the most heavily credited territories in Russia with a public debt of 85 billion rubles. If we add the systematic shortfall in tax revenues (in the first half of the year it exceeded 9 billion) to this, we will see that the economic forecasts look bleak. Representatives of the St. Petersburg - City of Changes youth ...

MYASNOYE PODVORYE WAS DECLARED BANKRUPT

... compounded by the situation with the main co-owner and CEO, Andrey Polyakov. In the fall of 2024, he was declared bankrupt at the request of the same bank. This further complicated the financial situation of the company. This case is no exception for St. Petersburg. Earlier, Alexander Starobinsky, the owner of the ROCK-1 holding company, became bankrupt. In February 2025, this was reported by Rusbankrot. The debts of the owner of the fish processing company under a personal guarantee to the bank amounted to 1.6 billion. Myasnoye Podvorye will continue litigation aimed at debt liquidation in the near future. The procedure will continue until the fall of 2025....

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

In St. Petersburg, the district court decided on preventive measures. They have been imposed on several defendants in a bribery case ... ... 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 ...

BONDS WORTH 122.3 BILLION FOR THE CONSTRUCTION OF THE HSR WERE PROVIDED WITH STATE GUARANTEES

... Highways, which initiated a six-fold bond issue. However, the 1998 default did not allow the state-owned enterprise to service the debt. The organization was declared bankrupt. The Central Bank informed that the placement of bonds is carried out by closed subscription.... ... commissioning of the line. It is planned that the high-speed highway will be launched by 2029. A separate terminal will be created in St. Petersburg for this purpose. Electric trains currently departing from Moskovsky Railway Station will be transferred to a new ...

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