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CHELYABINSK INVESTORS WERE RUINED BY A SUBSIDY

In the Chelyabinsk Region, the ANO "Investment Development Agency" (AIR) came under surveillance. The bankruptcy procedure was introduced by the arbitration court on the initiative of an organization that owed 389 million rubles (case no. A76-518/2022). The reason for the insolvency was a subsidy excluded by the structures of the Federal Tax Service from the number of expenses in taxation. The organization was established in 2013 and was originally owned by the Legislative Assembly of...

Bankruptcy institution reform postponed at least until autumn

Large-scale changes to the insolvency law have been temporarily postponed, at least until the expiration of the previously introduced moratorium 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...

Football center in Sochi went bankrupt

The Krasnodar Arbitration Court issued a decision on the bankruptcy of the Sputnik-Sport football center. The initiator of the insolvency of the training center for national teams was the recreation complex ‘Sputnik’ (RC "Sputnik’). The amount of the sports organization's debt to the plaintiff is about 6.7 million rubles. Sputnik-Sport was founded in Sochi in 2006. Its founders were three organizations, including RC ‘Sputnik’ and the RFU. To date, the owner of the football center is Pavel...

Mistake of Naftogaz can lead to bankruptcy of company

Ukraine's gas supply worries not only to the current leaders of the Naftogaz company. An expert assessment of the state of affairs in the industry was given by the ex-head of the organization Andrey Kobolev. In his opinion, the new management of the company turned out to be incompetent, which forced him to systematically solicit funds for the purchase of fuel from the state budget. In an interview with Forbes, the former head of Naftogaz called the actions of the new leadership a ‘catastrophic...

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

Municipal Unitary Enterprise ‘Specialized Public Services’ (SPS), which served as a funeral home in Rostov-on-Don, is to be liquidated. The decision was made by the city authorities, which included the enterprise into the list of other municipal firms, which must cease to exist or be reorganized. Alexander Bezborodykh, who headed the Department of Property and Land Relations (DPLR) until recently, shared his ideas about the plans of the Rostov administration to close or privatize commercial organizations...

Leading IT-developer of the Ministry of Defense goes bankrupt

‘Central Research Institute of Economics, Informatics and Control Systems’ (TIN 7703824477), which was engaged in the creation of software for the Ministry of Defense, was declared bankrupt. Judge of the Moscow Arbitration Court Maria Palkina made a decision to introduce bankruptcy proceedings in the organization on January 21, 2022. They will be carried out within next six months. Pavel Epifanov, representing the Union ‘SRO BT of the North-West’ was appointed as a bankruptcy trustee in the case...

UPS AND DOWNS OF ITALIAN FOOTBALL: 5 LANDMARK BANKRUPTCY CASES

It is difficult to surprise the world of 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...

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

On July 5, the Moscow Arbitration Court received a claim for the insolvency of the country's 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...

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’...

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