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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 agencies, was declared insolvent. The company was established in 2011. Its sole owner is Vadim Belogortsev. By 2022, the 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 COMPANY "TEESIDE" WAS DECLARED BANKRUPT

It became known about the bankruptcy of a construction company from Belgorod. The court's decision was made on January 24, 2023 and has already been published in the file of arbitration cases. As follows from the case file (No. A08-73/2022), the temporary manager found signs of fictitious or ...

THE EX-MANAGEMENT OF INTEGRAL WAS PROSECUTED FOR 1.9 BILLION

On September 23, 2024, the appeal (the 18th AAC) upheld the verdict of the Arbitration of Bashkiria (AS RB), leaving in force the act on the involvement of former managers of the Integral construction company in the framework of the bankruptcy case (No. A07-537/2016). The amount of obligations to which the married couple Alfat and Elmira Nazmiev were involved is almost 1.9 billion rubles. The developer became infamous in connection with ...

The CONTRACTOR WILL BANKRUPT THE STRUCTURE OF THE DEVELOPER "FIRST TRUST"

Construction and Installation Department (SMU) No. 5 filed an insolvency claim with the company "Osnova", part of the First Trust Group of Companies (case No. A07-484/2023). The amount of debt incurred on the basis of a contract agreement and recognized by the court in October 2022 is about 507.2 million rubles. It included 448.6 million of the principal debt. In addition, the court collected a penalty (37.8 million) and interest (20.9%). The application was submitted to the arbitration...

St. Petersburg developer Inmar declared insolvent

The company, which began construction of a nursing home on Oleko Dundich Street in St. Petersburg, was declared bankrupt. The initiative to recognize the insolvency of the organization was announced by the city construction committee. Inmar construction company was initially accused of disrupting a state contract worth 593 million rubles, concluded in 2008. The social facility was planned to be built by 2010, but interruptions in its financing led to the postponement of the date to 2012....

DUBAI COURT APPROVED BANKRUPTCY OF ARABTEC HOLDING AND ITS SIX SUBSIDIARIES

... Arab Emirates, will be temporarily suspended until the approval of the company's restructuring plan or until ten months since the current court decision have elapsed. The next meeting is to be held on July 26th. The possible bankruptcy of the Dubai construction company became known back in December last year, when the decision of the general meeting of shareholders, adopted on September 30 after two months of consultations with all interested parties, was announced. At a meeting of the company's ...

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