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SAS AIRLINE STARTED BANKRUPTCY AMID PILOTS' STRIKE

Scandinavian airline SAS applied to the US court with an application for insolvency. A New York court should consider it in the near future, relying on article 11 of the Bankruptcy Code. Experts call this provision of the law one of the most flexible for businesses operating simultaneously in several jurisdictions. The company hopes that the introduction of bankruptcy proceedings will allow the management to coordinate ...

HOCKEY CLUB IN KOMI SENTENCED TO BANKRUPTCY

... prohibited allocating funds from the treasury to support the work of the organization. As a result, the club began to be supported by sponsors' money. Sources cite insufficient funds from sponsors over the past few years as the main reason for the club's bankruptcy. It was on sponsorship receipts, in particular, that the players' salaries were paid. The republican authorities decided that the region still needs a sports organization. For this purpose, in June of this year, a new organization was established,...

Roskosmos has joined bankruptcy case of the Miass Machine-Building Plant

A new creditor has appeared in the bankruptcy case of Miass Machine-Building Plant (MMBP) JSC. The beneficiary of the plant - the state corporation ‘Roscosmos’ has joined bankruptcy proceedings. The company demands 3.19 million rubles from the enterprise. The arbitration court of Chelyabinsk ...

"METAKA" AGRICULTURAL COMPLEX ENTERED BANKRUPTCY

... No. A14-663/2022). Such a decision was made by the arbitration of the Voronezh region after the suit of the “Forseti” company. The application was submitted in January 2022. The court appointed Aleksey Kovriga, who represents NGO “Dostoyanie” as bankruptcy trustee. "Forseti" law firm received the right to claim for recovery of 347.9 thousand rubles from the Novgorod company "Progress". The debt of the agricultural holding declared in court amounted to 357.82 thousand rubles....

Novosibirsk Subsidiary of Rusnano enters bankruptcy

The Novosibirsk firm “Liotech-Innovations” has filed for bankruptcy. The relevant decision was made by the arbitration after the firm had announced its inability to pay the bills at the end of 2021. The debts of the organization exceeded 432 million rubles. The enterprise was managed by the “Liteco”company,...

“Taurus" meat processing enterprise declared bankruptcy

"Taurus" meet processing plant located in the Perm Territory applied to the regional arbitration with a statement of its own insolvency. The lawsuit is dated April 8 and has not yet been accepted for the court proceedings. There were also no explanations from the company's management and owners. “Taurus" processing plant enterprise appeared in 2006-2007. It was formed on the basis of the previously existing sausage production workshop. It is reported that the company have recently...

WHAT WILL THE BANKRUPTCY MORATORIUM LEAD TO?

... significant measure of support provided by the state. Six months is quite a decent period, during which it is possible to either prepare for the procedure, accumulate all sources of income, find a reliable lawyer, or completely solve all financial problems. bankruptcy, bankruptcy of legal entities, bankruptcy of individuals, bankruptcy moratorium 2022, experts, columnists, state support

April Fools' lawsuits: why the Musatovs made a decision to drive the subsidiary of Auchan to bankruptcy

Several bankruptcy claims were submitted to arbitration on April 1, 2022 from individuals against the Atak company. The details of the cases (No. A40-67445/2022, No. A40-67435/2022 and No. A40-67378/2022), which came to different judges of the Moscow court, ...

Canning plant from Stary Oskol is driven to bankruptcy for the second time

On March 14, the Arbitration Court of Belgorod received a bankruptcy petition from the Canning Vegetable Plant, located in Stary Oskol. The initiator of the process - the trading house "Oscar" - requires almost 600 thousand rubles from the organization. The date of the court hearing in the case (No....

Will the Western corporations that have left Russia be driven to bankruptcy?

Against the background of the mass exodus of foreign companies from Russia, the country's authorities continue to announce measures that can be taken. One of such measures discussed in a number of media may be the bankruptcy of companies within 3 to 6 months. Finance Minister Anton Siluanov called such a bankruptcy mechanism accelerated. In an interview with a Russian state television channel, the finance minister said that the country is not interested in foreign ...

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