MOSCOW, March 18 (RAPSI) – The Moscow Regional Commercial Court has extended an asset sales procedure as part of bankruptcy proceedings against businessman and lawyer Dmitry Yakubovsky until September 5, according to court records.

The court has therefore granted an application filed by the debtor’s bankruptcy receiver Artem Sladkov. 

Moreover, on April 14, the court will consider Sladkov bid to reclaim keys and other items providing access to residential premises belonging to Yakubovsky.

In December 2019, the Tenth Commercial Court of Appeals dismissed Yakubovsky’s appeal against a ruling of September 2019 declaring him bankrupt.

In mid-December 2017, the court initiated a debt restructuring process against Yakubovsky. His 2.2-billion-ruble debt (about $38 million) to a regional inspection office of the Federal Tax Service was added to the creditors’ list. In late December 2017, Gazprombank lodged a petition with the court seeking to include a 1.1-billion-ruble debt ($19 million) of the businessman.

In March 2018, Bank Monolith filed a motion with the Moscow Regional Commercial Court seeking to include a 6.4-billion-ruble debt ($112.4 million) of Yakubovsky in the list of creditors' claims.

He acted as a TV host, a lecturer in Moscow’s Griboyedov Institute of International Law and Economy, a chairman of Presidium of the First Moscow Bar Association. Since 2007, he has run real estate development business.

Yakubovsky owns the Swiss company Engelberg Industrial Group.