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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, head of DOM.RF, emphasizes that these bankruptcies ... ... 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 ...

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 a lawsuit that the company had received from L-Industry (case no. A56-16843/2024). On March 25, the court recognized the company's ...

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 4, 2024. Earlier, this company rented an apartment building with a lot of comments in the Academic planning area of ...

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.... ... 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

... the Krasnodar Territory). The reason was the company's debt in the amount of 988 thousand. At the same time, the company owed about 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 ...

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, the developer came under surveillance. Now the organization has introduced a bankruptcy procedure. In March 2023, Rusbankrot reported on the developer's plans to begin insolvency proceedings. The message about this was posted on the website of Fedresurs ...

THE TAX AUTHORITIES WILL BANKRUPT THE STRUCTURE OF THE DEVELOPER FROM ST. PETERSBURG

On June 2, 2024, the arbitration court in St. Petersburg received a statement of claim from the tax authorities (FTS No. 16). In it, representatives of the fiscal department demanded that the company "Basis", which is owned by SZ SPB Srednerogatskaya (Seven Suns Development structure), be declared insolvent. Representatives of the Federal Tax Service demand about 115 million rubles from the defendant (case no. A56-61356/2024). The main part of the shares of the latter (more than...

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 ...

THE SUPREME COURT ALLOWED TO INCLUDE IN THE REGISTER OF THE DEVELOPER LOSSES IN THE FORM OF INCREASED COST OF THE APARTMENT

In the framework of the bankruptcy case (No. A41-83224/19), the creditor applied to the court for inclusion in the debtor's register of losses in the form of the difference between a certain value of the apartment object on the date of the introduction ... ... to amendments to the Bankruptcy Law, cannot be considered a participant in construction in relation to the bankruptcy of the developer. The Supreme Court of the Russian Federation did not agree with this approach and noted that the circumstances of the ...

THE SCANDALOUS DEVELOPER FROM KHMAO WAS TAKEN UNDER SURVEILLANCE

... long-term construction. And claims from government agencies, the FSB, the Federal Tax Service and Sberbank literally showered on the firm. To date, the main creditors are the shipping company "Aganrechtras" and the firm "Arfen Osno". Debt obligations to them amount to 36.4 million and 15 million, respectively. Sources emphasize that there are financial issues with other enterprises of the holding. The company "Verso-M" in Ryazan was also previously taken under surveillance....

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