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EXPERTS EXPECT BANKRUPTCY OF A NUMBER OF DEVELOPERS

... despite the difficulties, will be transferred to more sustainable developers for further completion. Goldberg believes that such bankruptcies are part of the normal development of a mature market. When only those companies that are able to operate effectively ... ... in the long run. Goldberg also stressed that it is extremely unprofitable for banks involved in project financing to bring a developer to bankruptcy. Such a situation is possible within the framework of existing project financing schemes. In case of bankruptcy of ...

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 on May 23, 2024. At the end of February, Rusbankrot reported on a lawsuit that the company had received from L-Industry (case no. A56-16843/2024). On March 25, the court recognized the company's ...

THE TROUBLED DEVELOPER FROM TYUMEN WAS AGAIN THREATENED WITH BANKRUPTCY

... validity of the submitted application, is scheduled for November 7. Sibstroyservice is known in the region as a problematic developer. Earlier, the company several times announced the postponement of the delivery of the real estate being built. Initially,... ... building would be commissioned no earlier than the second quarter of 2023. This is not the first time the company has faced a bankruptcy lawsuit. In 2021, the appeal to the court was sent by the shareholders deceived in their expectations, who did not ...

KRASNOYARSK DEVELOPER IS REQUIRED TO BE DECLARED BANKRUPT

... process was the tax authorities (MI FTS No. 1). They demand the collection of tax debts in the amount of more than 7 million. Despite the relatively small amount of debt, the very fact of filing an application raises questions, given the scale of the developer's current activities. The Monolithholding company is known for its development projects on the territory of the regional capital. Among them are residential complexes in several districts and other iconic objects (for example, the First Tower ...

A TROUBLED DEVELOPER FROM YEKATERINBURG WANTS TO BECOME BANKRUPT

Specialized developer Sakharova 85 (TIN 6670488962) filed for bankruptcy in the Sverdlovsk region at the end of October (case no. A60-62866/2024). The amount of the declared debt amounted ... ... non-fulfillment of deadlines for the delivery of real estate, compensate for damage or perform repairs if the company is declared bankrupt. Lawyers are trying to calm down the shareholders, pointing to the legitimate opportunity to demand monetary compensation ...

THE BANKRUPT SOCHI DEVELOPER FOUND HIMSELF WITHOUT PROPERTY

In the insolvency case of the specialized developer Selena, who worked in Sochi, a report by the bankruptcy trustee Natalia Pavlenkova appeared. The results of the inventory of the company's assets showed that there is simply nothing to include in the bankruptcy estate. The company has not identified any property for this purpose. The message about ...

THE SCANDALOUS CHELYABINSK DEVELOPER WAS DECLARED BANKRUPT

... spring of 2023, the company was fined in connection with the failure of the contract concluded with the local authorities. The developer has not completed the construction of a kindergarten in Kopeysk by a pre-agreed deadline. As a result, the organization,... ... which received about 1.87 billion from the state under various contracts over the years of work in the region, was declared bankrupt. The term of bankruptcy proceedings is calculated for the period up to April 1, 2025.

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 structure), be declared insolvent. Representatives of the Federal Tax Service demand about 115 million rubles from the defendant (case no. A56-61356/2024). The main part of the shares of the latter (more than...

THE MOMENT OF ASSIGNMENT OF THE CLAIM TO THE DEVELOPER DOES NOT AFFECT THE RIGHT OF THE SHAREHOLDER TO RECEIVE COMPENSATION

As part of the bankruptcy case of the developer (No. A56-76787/17), the creditor applied to the court to determine the amount of compensation to the construction participant. Satisfying the application, the court of first instance proceeded from the fact that the territorial development ...

A LAWSUIT WAS FILED AGAINST A MOSCOW DEVELOPER FOR 55.6 MILLION

... filed a lawsuit against Mosotdelstroy No. 1 on May 13, 2024. The amount of claims exceeds 55.66 million rubles. The application itself has not yet been accepted by the court for consideration (case no. A40-46890/2024). The defendant is a well–known developer. The history of the organization began back in 1937. In the early 2000s, the company was close to ruin, but the capital's officials decided to save the company by paying off the debts accumulated earlier. The company is known for completing ...

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