MOSCOW, August 30 - RAPSI, Natalia Belova. The Ninth Commercial Court of Appeals has upheld a lower-court decision to terminate the Soviet Writer Publishing Houses bankruptcy proceedings, the Russian Legal Information Agency reports from the courtroom.
Due to a corporate conflict that split the publishing house into two parts, Soviet Writer is now represented by lawyers with powers of attorney issued by two different general directors.
The publishers bankruptcy application was filed by General Director Vladimir Buslayev. However, the case was closed after Buslayev withdrew his application on June 30.
Meanwhile, Arseny Larionov, the publishers other general director, said the company showed signs of bankruptcy and requested court-ordered bankruptcy supervision.
Later, Soviet Writer appealed the first-instance courts ruling.
The court dismissed the appeal.
The Soviet Writer Publishing House, founded by the Soviet Union of Writers in 1934, was a leading publishing house in the Soviet Union and then Russia.