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THE CENTRAL BANK FILED A BANKRUPTCY LAWSUIT AGAINST THE MOSCOW BANK GARANT-INVEST

The Central Bank has filed an application for the insolvency of Garant-Invest Bank with the Moscow City Arbitration Court. This decision was ... ... the application to the court, the fate of the bank will depend on its consideration. If the Central Bank's claim is satisfied, bankruptcy proceedings will begin. This case was the sixth revocation of a license from banks in 2024. The situation with Garant-Invest ...

THE BANKRUPTCY PROCEDURE OF THE BANK "PRIORITY" HAS BEEN COMPLETED IN SAMARA

On November 12, 2024, the Samara Arbitration Court completed the bankruptcy procedure of Priority Bank (case No. A55-23933/2014). The decision to terminate the bankruptcy proceedings was made on November 11. The procedure lasted about 10 years after the organization lost its license. During the last stage of the litigation, 807.129 million rubles ...

THE WELL-KNOWN CONFECTIONERY HOLDING IS FACING BANKRUPTCY

"Glavtorg", which is the distributor of the holding "United Confectioners", is on the verge of bankruptcy. This is reported by Kommersant. The Russian financial conglomerate Sberbank is going to send an application for the company's insolvency to the court. Among the reasons for possible bankruptcy are the strong dependence of Glavtorg on loans and disagreements with the supplier and, as a result, a criminal case against the ...

EX-EMPLOYEES OF OTKRITIE BANK FORCED THE COP TO DOUBT THE NORMS OF THE BANKRUPTCY LAW

The Constitutional Court (CC) will check the constitutionality of a number of provisions of the law "On Insolvency (Bankruptcy)" and "On Amendments to Certain Legislative Acts of the Russian Federation". The reason for the procedure was a case involving Otkritie Bank. According to Vedomosti, with reference to the press service of the Constitutional Court, ex-employees of a financial organization appealed to the court with complaints that funds were irrevocably debited from their accounts. This happened in the ...

EX-MEMBER OF THE BOARD OF THE BANK "CENTURY" DECLARED BANKRUPT

The Arbitration court of the capital declared insolvent the ex-member of the board of the Moscow bank "Century" Sergey Chernykh. The application was submitted by the Deposit Insurance Agency (DIA), the bankruptcy trustee of the credit institution. In 2016, Vek was stripped of its license. Later that year, the bank was declared bankrupt. In 2022, the court decided to recover more than 4 billion rubles in losses from former managers in favor of a ...

THE EX-HEAD OF THE BANK "CENTURY" WAS DECLARED BANKRUPT

The Arbitration Court of the capital declared the former top manager of the bank "Century" Andrey Nikitin insolvent (case no. A40-71/2023). The bank's claim in the amount of over 4 billion rubles ... .... Debt restructuring has begun in relation to Nikitin. The Deposit Insurance Agency (DIA) noted that the introduction of bankruptcy proceedings against the ex-head of the bank "Vek" will increase the likelihood of funds being returned to ...

EX-HEAD OF THE BANKRUPT RUSSIAN MERCHANT BANK RECEIVED 8 YEARS IN PRISON

... embezzlement of 4 billion, was sentenced by the court to an eight-year term of imprisonment. The former chairman of the Board of the bank was tried under Article 160 of the Criminal Code of the Russian Federation (Part 4). The verdict of the Khamovnichesky court ... ... managers were recently added to the criminal punishment of Igor Safonov. On January 17, the AC GM granted the request of the bankruptcy trustee and imposed interim measures against Safonov and four other RTBK executives in the amount of 6.6 billion rubles....

TWICE BANKRUPT. EX-HEAD OF VNESHPROMBANK WENT BANKRUPT IN ENGLAND

Georgy Bedzhamov, who escaped from Russian justice to England, was recently declared bankrupt by the High Court of London. The British Themis, which examined Bedzhamov's appeal on October 27, found no grounds for its satisfaction. Now the former owner of Vneshprombank (VPB) is waiting for the sale of assets. According to the Deposit Insurance Agency (DIA), the decision of the British Themis will help to return funds to the victims of a bankrupt credit institution faster. However, no expert dares to say how long ...

EX-CO-OWNER OF PROMSVYAZBANK ANANYEV WILL BE BANKRUPTED

Earlier, the plaintiff demanded 51 thousand dollars from the debtor. LLC "Yurconsultgroup" filed for bankruptcy of the former co-owner of Promsvyazbank Alexey Ananyev. Earlier, in December last year, the company filed a similar application, however, it was returned by the court at the request of the applicant himself. The details of the new case are still unknown, but last time LLC Yurconsultgroup ...

LEGION VS ZAITSEV: INSOLVENT BANK WILL BANKRUPT ITS EX-HEAD

The joint-stock commercial bank (AKB) Legion filed for bankruptcy in arbitration. The credit institution, deprived of its license in 2017, demands that Georgy Zaitsev be declared insolvent. The banker in the past headed the board of directors and was one of the shareholders of the bank. The application ...

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