Businesses to be saved, not let go bankrupt: prospects of Business Recovery CenterA working group on drafting legislative proposals facilitating the establishment of a Business Recovery Center has held its first meeting in the framework of an initiative launched by member of the Federation Council, the upper house of Russia’s Parliament, Maxim Kavdzharadze in 2019.11:59 05.03.2020
Moscow court sets procedure of sale of 14 retro cars owned by head of DSBW-TOURSThe Moscow Commercial Court has approved the procedure and schedule of sale of 14 retro automobiles being a part of the assets of DSBW-TOURS travel company owned by Karen Goncharov.11:26 02.03.2020
Former manager of Norilsk Nickel declared bankruptThe Moscow Commercial Court has declared businessman and ex-manager of Norilsk Nickel, one of the largest producers of nickel platinum and copper, Maxim Finsky bankrupt.10:53 26.02.2020
Tatfondbank seeks to recover $2.3 bln from its ex-chair MusinPAO Tatfondbank has filed a petition to put a 141.3 billion rubles (about $2.3 billion) debt on the list of creditors’ claims to its ex-chairman Robert Musin.11:18 21.02.2020
Court oders seizure of assets of former Tatfondbank managers worth $1.5 billionThe Tatarstan Commercial Court ordered the seizure of assets held by Robert Musin, former Tatfondbank chairman, and ten other former managers of the bank totaling 96.5 billion rubles (about $1.5 billion).17:12 18.02.2020
Transaero bankruptcy trustee seeks to bring ex-airline CEO to subsidiary liabilityA bankruptcy receiver of Transaero air carrier has filed an application seeking to bring a former CEO of the company Alexander Burdin to subsidiary liability on the airline’s obligations, according to the records of the Commercial Court of St. Petersburg and Leningrad Region.10:48 03.02.2020
Bankruptcy procedure against Svyaznoy ex-owner extended for 3 monthsThe Commercial Court of Kaluga Region as part of a bankruptcy procedure has extended sale of assets of ex-owner and founder of Svyaznoy retailer Maxim Nogotkov for 3 months.11:18 31.01.2020
Ex-bankrupt trustee of agro-corporation ordered to 4.5-year jail for $3 mln embezzlementA court in Russia’s Omsk has sentenced a former bankruptcy receiver of the Corporation Agro-Trust Vyacheslav Aleksin to 4.5 years behind bars for embezzling over 207.5 million rubles (over $3 million) from the enterprise’s bankruptcy estate.14:34 29.01.2020
Asset sale procedure against ex-owner of Russian fieldstone manufacturer prolongedThe Moscow Regional Commercial Court has prolonged an asset sale procedure against ex-owner of Pavlovskgranit fieldstone manufacturer’s ex-owner Sergey Poymanov for six months.10:52 27.01.2020
Ex-CEO of prominent construction firm owes over $81 mln to Alfa Bank – Russian courtThe Omsk Regional Commercial Court has included a 5-billion-ruble (over $81 million) debt of insolvent ex-CEO of Mostovik construction firm Oleg Shishov to Alfa Bank in the creditors’ list.09:49 16.01.2020
Transaero airline asks court to declare Ilyushin Finance aviation lessor bankruptTransaero air carrier has filed a petition to declare Ilyushin Finance Co aviation lessor bankrupt.11:42 15.01.2020
Otkritie bank files for bankruptcy of Russian reseller of XiaomiThe Moscow Commercial Court will consider a bankruptcy claim against Retentiva Distribution Company, a reseller of Xiaomi, filed by Bank Otkritie on March 6.13:33 14.01.2020
Suspension of $4 bln claim against ex-Transaero owners upheld by Russian Supreme CourtThe Supreme Court of Russia has upheld suspension of a 249-billion-ruble lawsuit (nearly $4 billion) of VTB bank against Transaero air carrier’s founder Alexander Pleshakov, his wife and mother.10:50 10.01.2020
Rosbank demands over $32 mln from bankrupt ex-CEO of notorious construction firmRussia’s Rosbank has filed a claim to include a 2 billion-ruble (over $32 million) debt in the list of creditors of insolvent ex-CEO of Mostovik construction firm Oleg Shishov.16:53 31.12.2019
Sale of Vneshprombank former co-owner’s assets worth $1.7 million upheldThe Ninth Commercial Court of Appeals has dismissed an appeal of Vneshprombank former co-owner Georgy Bedzhamov, charged with large-scale embezzlement, challenging the sale of his house and two land plots at the starting price of 103.5 million rubles (about $1.7 million).12:19 31.12.2019
Commercial court declares Russian troubled refinery bankruptThe Tyumen Regional Commercial Court has declared the Antipinsky oil refinery bankrupt.15:55 30.12.2019
Yet another bankruptcy petition against UTair airline dismissedThe Commercial Court of Khanty-Mansi Autonomous Area has dismissed a bankruptcy petition against UTair airline submitted by Inter Company.13:17 30.12.2019
Asset disposition against ex-Fundservicebank president extended for six monthsThe Moscow Commercial Court has extended an asset disposition procedure against insolvent ex-president of Fundservicebank Alexander Volovnik for six months.11:06 27.12.2019
Bankruptcy proceedings against Baltiyskiy Bank’s ex-president extended once moreThe Commercial Court of St. Petersburg and Leningrad Region has extended the asset sale procedure against ex-president of the Baltiyskiy Bank Oleg Shigayev, who stands charged with the 3-billion-ruble ($55 million) embezzlement, for six months.11:38 26.12.2019
Court asked to join legal firm to bankruptcy case against ex-FIFA 2018 IT contractorBankruptcy supervisor Alexey Belokopyt has filed a petition to bring Linklaters CIS legal firm into bankruptcy proceedings against Asteros company, the former IT contractor of FIFA-2018, according to the Moscow Commercial Court’s records.17:16 25.12.2019