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EXPERTS EXPECT BANKRUPTCY OF A NUMBER OF DEVELOPERS

The Russian construction industry may face a series of bankruptcies of developers in 2025, whose financial situation is at risk. Mikhail Goldberg,... ... 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 ...

THEY ARE TRYING TO DECLARE A CONSTRUCTION CONTRACTOR FROM TAMBOV BANKRUPT

... 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,... ... 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... ... A64-2021/2024) ended with a May court decision to recover almost 1.2 million of the principal debt and more than 118 thousand as interest. The ex-head of the Stroy Nes-Ab company...

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 ...

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 ... ... The demands of the fiscal amounted to more than 255.5 million rubles. The amount included over 152.3 million of the principal debt, according to local media. 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 ...

A LARGE CONSTRUCTION CONTRACTOR FROM SAMARA WAS DECLARED BANKRUPT

Samara arbitration on August 10, 2023 declared the company "SSA" ("Samarastroylians") insolvent. A bankruptcy procedure was opened against the organization (case no. A55-37730/2022). The court instructed Kirill Baluyev, representing ... ... Alfastroyproekt. The process was initiated due to an insignificant requirement of 560 thousand rubles by the standards of the construction business. However, as experts expected, the insolvency application launched a wave of petitions from counterparties ...

A TROUBLED DEVELOPER FROM YEKATERINBURG WANTS TO BECOME BANKRUPT

Specialized developer Sakharova 85 (TIN 6670488962) filed for bankruptcy in the Sverdlovsk region at the end of October (case no. A60-62866/2024). The amount of the declared debt amounted to 472,876,709.09 rubles. The court accepted the claim for consideration, scheduling a hearing on the case for December ... .... 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 ...

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 ... ... compensation to citizens participating in shared-equity construction in respect of an apartment building, the developer of which is the debtor. At the same time, the creditor's claims for the transfer of residential premises are included in the register of claims ...

THE BANKRUPT SOCHI DEVELOPER FOUND HIMSELF WITHOUT PROPERTY

... 100,000 rubles to the Pension Fund and within the framework of penalties. Roman Kiryushin, the head of the specialized developer Selena, announced in the summer his plans to close all the company's debts by September 9, 2024, in order to avoid further bankruptcy. But the circumstances were different. Kiryushin, who was elected 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 ...

THE SCANDALOUS CHELYABINSK DEVELOPER WAS DECLARED BANKRUPT

The Chelyabinsk arbitration court recognized the bankruptcy of the StroyTransOyuz company. The initiator of the bankruptcy was previously the organization itself. In June 2023,... ... received a four-year sentence in October 2022 for embezzlement of money from the state budget. StroyTransOyuz participated in the construction of the Zlatoust sports center. The investigators managed to prove that the head of the enterprise stole over 39 million ...

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