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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 ... ... applied for entry into the case. The court planned to consider their demands on July 9. Alfa Faberge (LLC) has been in existence since 2019 and is owned by CEO Vitaly Bakharev... ... 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...

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 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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