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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 will be a natural stage of market cleaning. The expert is sure that the problems that arise in such companies have their roots ...

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

... if the company is declared bankrupt. Lawyers are trying to calm down the shareholders, pointing to the legitimate opportunity to demand monetary compensation from the developer, but this will require a lot of effort, time and patience. A specialized developer appeared in Yekaterinburg in 2019. It was originally called the innovative Edem Construction Company. The beneficiary of the business and its direct head is Vitaly Arsenchuk. The entrepreneur is associated with many construction companies, including the already liquidated Techstroy and Dombury Company, which is building Queens Bay....

THE MOMENT OF ASSIGNMENT OF THE CLAIM TO THE DEVELOPER DOES NOT AFFECT THE RIGHT OF THE SHAREHOLDER TO RECEIVE COMPENSATION

... creditor was not entitled to receive monetary compensation. The cassation upheld the ruling of the first instance and pointed out that the court of first instance, having obliged the fund to make a payment, legitimately proceeded from the fact that the developer's obligations to the construction participant did not depend on when the assignment agreement was concluded, since the very right of claim against the developer arose as a result of the conclusion of an equity participation agreement in construction, and not as a result of ...

THE BANKRUPT SOCHI DEVELOPER FOUND HIMSELF WITHOUT PROPERTY

... 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 is scheduled for October 8. At the moment, the bankruptcy process of the specialized developer Selena continues ...

THE SCANDALOUS CHELYABINSK DEVELOPER WAS DECLARED BANKRUPT

... charged. Scandals related to the personality of the head had a negative impact on the fate of the organization itself. In the 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 ...

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 ...

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 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) ...

THE TRANSFER OF THE RIGHTS AND OBLIGATIONS OF THE DEVELOPER CANNOT BE TO THE DETRIMENT OF THE SHAREHOLDERS

As part of the bankruptcy case of the Company, a citizen filed an application for recognition of ownership of an object of immovable property (case no. A41-60300/19). The Company acted as a guarantor for the obligations of the bankrupt developer on the basis of a settlement agreement. Subsequently, the company was also declared bankrupt, and the citizen filed a corresponding application to the court. The first instance satisfied the claim, based on the fact that the obligations of ...

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