What majority shareholder in the mine owns: new questions in the Inskoy mine caseA court process over extortion of 51% of shares in the Inskoy coal mine has brought to light a range of pressing legal issues demanding a serious consideration in the present context. Among these issues is a comparison of an alleged extortion of shares with a similar action with respect to the “title of property,” and, on the whole, if there is a possibility to extort the “title of property” of an enterprise.13:00 15.05.2020
From illegal takeover charges to initiating changes to law: how Inskoy mine case is unfoldingIn 2020, new essential details came to light in the case over extortion of shares in Inskoy mine, what made it even more difficult for the court to rule on.19:09 06.04.2020
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
Inskoy mine case: what danger command economy presents for the regionThe Inskoy mine case in the Kemerovo Region has amply demonstrated the risk regional authorities are exposed to when managing in hands-on mode resources of private enterprises by means of their administrative resources. New case materials made public in the course of the litigation raise questions of efficiency (and permissibility) of the settlement of regional economic problems at the expense of funds of private enterprises.18:29 05.02.2020
To save or to ignore: Governors’ role in wage arrears settlementA decade-long conflict around wage arrears at Inskoy coal mine raises a question of what prospects employees of enterprises have to cause their earned money to be paid without participation of a head of a region. RAPSI has analyzed the details of similar conflicts, in which Governors directly intervened seeking to achieve settlement. The results allow for the conclusion that participation of a region’s head was as a rule of key importance for the settlement of a crisis, whereas mechanisms used varied across regions.19:02 25.12.2019
Inskoy 2.0 is looming: Kuzbass authorities set legal precedentWhile the Kemerovo Central Court is hearing a criminal case over extortion of the controlling interest in Inskoy mine, Kemerovo mines have already accumulated new large wage arrears; this development has already resulted in strikes and there is a risk of a massive social crisis. RAPSI analyzes potential prospects of the precedent of the high-profile case and effects it will have on the mutual relations between the authorities and the industry.19:55 29.11.2019
Inskoy mine case: law enforcement officers tried to save minersThe Central Court of the Russian city of Kemerovo is hearing a criminal case over extortion of the controlling interest in Inskoy mine. Regional authorities attempted to prevent social unrest but were charged with hostile takeover (“corporate raiding”) of the enterprise.17:22 07.11.2019
Inskoy mine precedent: can state help business in order to prevent social unrest?This year, Miner's Day was marked by Russian president who said that the Federal Security Service (FSB) would join the efforts aimed at overcoming barriers on the way of increasing coal exports. However, usually law enforcement agencies get interested in coal business for completely different reasons. The situation with the Inskoy mine in the Kuzbass region is a vivid example of this practice. The mine was on its way to bankruptcy when its employees went on a strike. Regional authorities did their best to prevent a social unrest but were later accused of an attempted raid attack on the mine. RAPSI has studied all the details of this story, the chronology of which was published on Tayga.info website that is closely watching after it.14:08 17.09.2019
Inskoy mine case: commercial interests of business against social obligations of regional authoritiesThe administration of the Kemerovo Region about half a year unsuccessfully tried to get the enterprise-debtor to pay salaries to employees. When employees went on strike, tough measures ensued.15:02 18.07.2019
Witnesses: disaster at Inskoy mine prevented due to Kemerovo officials’ reactionWitnesses claimed that “temporary” director of Inskoy mine stopped mining activities and ordered emergency repair works to be carried out preventing a disaster. It was Maxim Sidorov, who had been appointed director of Inskoy open-cut coal mine by Kemerovo Administration. Former management of the company ignored the danger to the mine.19:36 16.05.2019