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BANKRUPTCY OF A LARGE CONSTRUCTION CONTRACTOR HAS BEEN INITIATED IN THE SAMARA REGION

... firm "Bolivar" from St. Petersburg and "Techinservice" have already announced plans to proceed with the bankruptcy of "SSA". The first acted as a subcontractor under a contract for 14.5 million, organizing installation and ... ... in Togliatti. As a result, she received only half of the amount (7.4 million) for her work. Techinservice participated in the construction of the kindergarten, having collected 8 million rubles from the SSA in October. Photo: Freepik

A LARGE CONSTRUCTION COMPANY FROM UFA IS UNDER THREAT OF BANKRUPTCY

The Vostokneftezavodmontazh company (JSC VNZM), which implements construction projects for oil and gas enterprises, may go into bankruptcy. Bashkir arbitration satisfied the requirement of the company "Top Technologies of the Urals", which performed electrical work on a subcontract. VNZM must pay 131.5 million rubles. At the same time, notifications of intentions to ...

“LEADER” CONSTRUCTION COMPANY IS DRIVEN TO BANKRUPTCY OVER DEBTS

"Leader" construction company may again become a defendant in an insolvency suit. The Omsk company could have been involved in bankruptcy proceedings as early as October and December 2021. Several partners posted information about their respective intentions, but as a result, applications were not sent to the arbitration. But the lawsuit from the "Betonprom" firm ...

AUTHORITIES OF SAKHALIN INTENTIONALLY BROUGHT CONSTRUCTION COMPANIES TO BANKRUPTCY

... regional budget of 2021 from the corresponding costs. The governor of Sakhalin has promised to sign the document in the near future, but this is unlikely to help developers. There is no time left for the state examination and verification. This means that construction companies will not be able to receive the necessary compensation for their costs this year. The deliberate inaction of the Sakhalin authorities, leading to the bankruptcy of development companies, is understandable. There is simply not enough funds in the regional budget. In practice, this leads to the fact that contractors cannot receive loans, since banking structures do not see guarantees for the allocation ...

EXPERTS EXPECT BANKRUPTCY OF A NUMBER OF DEVELOPERS

... 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 the developer, his projects will be transferred to other more stable companies, which eliminates risks for investors and buyers of real estate. This will ensure the protection of their interests, as well as accelerate the completion of the construction of facilities. Goldberg noted that this scheme avoids the creation of unfinished properties and protects the real estate market from potential shocks. An expected decline in sales is forecast in 2025. Despite this, Goldberg expressed confidence ...

THEY ARE TRYING TO DECLARE A CONSTRUCTION CONTRACTOR FROM TAMBOV BANKRUPT

... eliminate the comments on his own, but eventually appealed to the Tambov arbitration. The lawsuit between the municipality and the construction company in court (case no.A64-11135/2023), initiated in December 2023, ended in May 2024. The court ordered the contractor ... ... not the only dispute that the Tambov authorities are having with the company in the arbitration court. Prior to filing the bankruptcy claim, Dorline conducted 5 court disputes with the defendant, one of which (case no. A64-9089/2024) was initiated by ...

SAMARA CONSTRUCTION COMPANY DECLARED BANKRUPT

On September 9, 2024, the arbitration court ruled on the bankruptcy case of Belstroy (case no. A55-7891/2024). The company, which had recently received large contracts from regional government ... ... company has concluded about 60 state contracts worth 3.5 billion rubles. The company actively participated in tenders for the construction of social institutions. In Samara, Belstroy undertook the construction of a swimming pool for 329 million, and in ...

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 ...

THE TROUBLED DEVELOPER FROM TYUMEN WAS AGAIN THREATENED WITH BANKRUPTCY

... to RBC, shareholders have been waiting for several years. In 2021, the head of the region declared personal control over the construction of the residential complex. The regional authorities promised to take measures to ensure that residents receive the ... ... 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 ...

MAGNITOGORSK CONSTRUCTION COMPANY "TECHNOSTROY" WAS SENT UNDER SURVEILLANCE

On September 8, 2023, the Chelyabinsk Arbitration Court considered the Federal Tax Service's claim for bankruptcy of Technostroy (TIN 7455003544) and introduced a monitoring procedure. Pavel Semenov, representing the Union of AU ... .... Another 102.2 million were penalties and 1.14 million penalties. Technostroy became famous due to its participation in the construction of sinter plant No. 5 of Magnitogorsk Iron and Steel Works. In July 2019, the facility was inaugurated in the presence ...

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