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ST. PETERSBURG DEVELOPERS HAVE CONCLUDED A SETTLEMENT AND AVOIDED BANKRUPTCY

Alfa Faberge construction company avoided bankruptcy by agreeing with creditors. The organization has concluded amicable agreements with PLF JSC (PLG structure) and L-Industry and Sinopskaya Embankment companies affiliated with the developer. According to RBC Petersburg, the deal was finalized ...

ST. PETERSBURG DEVELOPER IS THREATENED WITH BANKRUPTCY

... 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 ... ... counterclaim remained unsatisfied. According to 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 ...

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