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Bankruptcy institution reform postponed at least until autumn

... on bankruptcies of companies and individuals. Such a joint decision was made by the State Duma and the Cabinet of Ministers. Initially, as early as this spring, the lower house of parliament was about to consider a draft law regulating corporate bankruptcy. However, later the authorities made a decision to first take stock of the situation that has developed against the backdrop of the moratorium, as well as the results of the economic and financial stability of companies. It will be possible ...

Mistake of Naftogaz can lead to bankruptcy of company

... the state budget. In an interview with Forbes, the former head of Naftogaz called the actions of the new leadership a ‘catastrophic mistake’. By refusing to purchase gas in advance before the heating season, top management actually led the company to bankruptcy. According to the expert, the Ukrainian company will simply not be able to independently restore the necessary gas reserves in the next heating season. According to approximate calculations, about 8 billion cubic meters of gas will have to ...

Rostov authorities made a decision to liquidate funeral home saved from bankruptcy

... city. One of them manages electric transport, the other oversees hydraulic structures, and the third is responsible for the city lighting (Rostgorsvet). It is curious that until recently, city officials were happy to admit that ‘SPS’ managed to avoid bankruptcy. In September 2021, an insolvency suit was filed against the organization by the tax authorities. The basis was debts of 5.9 million rubles. After three months of litigation, the arbitration court dismissed the case, having rejected the claims ...

UPS AND DOWNS OF ITALIAN FOOTBALL: 5 LANDMARK BANKRUPTCY CASES

... Italian football with the high-profile bankruptcies. Sports clubs that could have played in Serie A yesterday suddenly find themselves in Serie D due to the accumulated debt and financial problems. ‘Chievo’ Football club One of the last cases was the bankruptcy of the Chievo club from Verona. The sports club with 92-year history, which played in Serie A for almost two decades (2001-2019), filed for bankruptcy at the end of July 2021. However, Chievo's loss of professional status does not seem out ...

PLASTIC PROCESSING PLANT OF TVER REGION IS ON THE BRINK OF BANKRUPTCY

... oldest plastic processing enterprise. Nelidovsky Plant of Plastic Materials (NPPM JSC) is registered in Moscow, but the company's production facilities are located in the city of Nelidovo in the south-west of the Tver Region. The initiator of the bankruptcy was the Partner company from Yaroslavl. At the end of 2019, the company won a lawsuit (case No.A40-288549) to collect 4.1 million rubles of debt under a loan agreement. The court also collected more than 1.26 million rubles from NPPM JSC as ...

SARATOV PRINTING PLANT IS ON THE VERGE OF BANKRUPTCY

The Arbitration Court of the Saratov Region is considering a case on the recognition of insolvency of Saratov Printing Plant JSC. The initiator of the process was the Moscow CJSC InTech. At the moment, the court is considering the issue of the validity of the submitted application. The basis for filing a claim on the insolvency of the enterprise was the debt to the creditor for the lease of an offset printing machine. Under the terms of the agreement, the execution of the contract provided for...

METAL PRODUCING PLANT IS DRIVEN TO BANKRUPTCY IN ORENBURG

InProm enterprise has accumulated over 6.5 million in debt to the capital's metal trader. The company applied to the regional arbitration court at the end of June. In total, claims in the amount of about 9.5 million rubles have been filed against the plant since the beginning of the year. The company specializes in the production of a wide range of cabinet, assembly and specialized metal products for the energy industry. It is noteworthy that 3 years ago the plant won the ‘100 best goods of Russia’...

NIKITINSKY THEATER OF VORONEZH IS ON THE VERGE OF BANKRUPTCY

On June 23, the artistic director of the Nikitinsky Theater in Voronezh, Boris Alekseev, held a press conference, at which he announced the impending bankruptcy of a cultural institution. It turned out that one of the flagships of the independent theatrical art in Russia, which has several nominations for the Golden Mask award, may become another victim of the pandemic and indifference on the part ...

THE OLDEST PRIVATE BREWERY IN CHELYABINSK FORCED TO DECLARE BANKRUPTCY

The Krist brewery, which has worked in Chelyabinsk since 1994, may declare bankruptcy in the nearest future. An application of Vostochny Bank was filed in arbitration with a claim for 12.18 million rubles. At the moment, the brewery is no longer working - the owner closed the restaurant in spring, and the brand shops stopped ...

INTERPROMBANK OF MOSCOW WILL BE DRIVEN TO BANKRUPTCY

The license of Interprombank, which had existed since 1995, was revoked on April 16, along with the licenses of Neiva Bank and Nordea Bank. Now the capital's arbitration has received a claim for the bankruptcy of a credit institution from the main department of the Central Bank of the Russian Federation. And although neither the date of the court hearing, nor the acceptance of the lawsuit itself has yet taken place, the experts suggest that the ...

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