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EXPERTS EXPECT BANKRUPTCY OF A NUMBER OF DEVELOPERS

... 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 ...

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 ...

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 keys to the apartments by the end of 2022. However, in November, the developer announced that 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 ...

KRASNOYARSK DEVELOPER IS REQUIRED TO BE DECLARED BANKRUPT

... the Krasnoyarsk Territory) has received a claim for declaring the company "Monolithholding" insolvent. The construction company is one of the largest in the region. The initiator of the process was the tax authorities (MI FTS No. 1).... ... 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 ...

A TROUBLED DEVELOPER FROM YEKATERINBURG WANTS TO BECOME BANKRUPT

... 2024. Earlier, this company rented an apartment building with a lot of comments in the Academic planning area of Yekaterinburg. According to the portal E1.RU The residents of the house are in a panic, fearing the consequences of the insolvency of the construction company. In particular, we are talking about warranty repairs, which can be very problematic to achieve from a company in the event of its bankruptcy. The management company, which manages the building, offers residents to resolve all issues with the developer. However, the latter does not have funds in bank accounts. Citizens will have to go to court to receive a penalty from a Specialized developer Sakharov 85 due to non-fulfillment of deadlines for the delivery of real estate, compensate for damage ...

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 fund decided to pay compensation to citizens participating in shared-equity construction in respect of an ...

THE BANKRUPT SOCHI DEVELOPER FOUND HIMSELF WITHOUT PROPERTY

... to the Sochi City Assembly as a deputy, did not close the company's debts. It is known that he currently heads another local construction company (KR+ firm), in which he owns 60% of the capital. The main beneficiary of the specialized developer Selena is Rafael Avetisov. He also owns several catering enterprises and the ARS-Group company in the region. The next court hearing is scheduled for October 8. At the moment, the bankruptcy process of the specialized developer Selena continues to develop. Further actions in this case will depend on the court's ...

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 the arrest of the owner of this organization, Alexei Ryzhkov, in April 2024. The businessman is suspected of criminally raising funds from shareholders. According to the prosecutors, the entrepreneur violated the requirements of the law during the construction of the residential complex (part 2 of Article 200.3 of the Criminal Code of the Russian Federation). His term in jail was extended until July 28, 2024. At the same time, as the Delovoy Peterburg newspaper notes, some of the staff in Seven ...

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 the construction of problematic long-term buildings. One of these facilities was the Tsaritsyno residential complex, the construction of which started back in 2006. The company also produces works in the east of the capital (Terletsky Park residential complex) ...

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