Defending creditors and debtors in bankruptcy litigation
We regularly represent creditors and debtors in large-scale and complex litigation on debt collection and/or bankruptcy, both nationally and transnationally. Among our clients in such matters are big Russian and international companies from various sectors. We also advise on debt restructuring, legal aspects of crisis management and financing, and company reorganisation.
experience
Represented a Russian business person and his group of companies, which had been a major Russian fruit importer, in a number of complex interrelated disputes regarding insolvency of the business person and several companies of the group in the UK and Russia. Amount due to creditors: $1 bn+ (2012-2016)
Advising Severstal, Russia’s biggest steel company, on debt collection and restructuring and supporting the bankruptcy proceedings of the operator of one of the largest iron ore deposits in the Russian Federation. Total requirements: ₽20 bn ($330 m+) (2016-present)
Advising Stroygazconsulting, a major Russian construction group, on the restructuring of the indebtedness of the group to its biggest creditor, a major Russian bank, providing full-scale legal support in connection with bankruptcy proceedings against several subsidiaries of the group. Amount due to the bank: ₽25 bn ($415 m+) (2015-present)
Representing majority lender in bankruptcy proceedings in respect of Russia’s biggest shoe retailer. Creditor’s claim: ₽25 bn+ ($415 m+) (2016-present)
Advising one of Russia’s biggest banks on bankruptcy proceedings against one of the TOP-5 Russian producers and exporters of steam coal. Creditor’s claim: ₽23 bn ($380 m+) (2016-2018)
Representing one of Russia’s biggest banks with regard to the collection and restructuring of debt and initiation of bankruptcy proceedings against a Russian company that renders services for the construction of power-generating facilities, including legal actions against unfair actions of the former top manager of the debtor. Creditor’s claim: ₽13.3 bn ($220 m+) (2016-present)
Advising Severstal, Russia’s biggest steel company, on debt collection and restructuring and supporting the bankruptcy proceedings of the operator of one of the largest iron ore deposits in the Russian Federation. Total requirements: ₽20 bn ($330 m+) (2016-present)
Advising Stroygazconsulting, a major Russian construction group, on the restructuring of the indebtedness of the group to its biggest creditor, a major Russian bank, providing full-scale legal support in connection with bankruptcy proceedings against several subsidiaries of the group. Amount due to the bank: ₽25 bn ($415 m+) (2015-present)
Representing majority lender in bankruptcy proceedings in respect of Russia’s biggest shoe retailer. Creditor’s claim: ₽25 bn+ ($415 m+) (2016-present)
Advising one of Russia’s biggest banks on bankruptcy proceedings against one of the TOP-5 Russian producers and exporters of steam coal. Creditor’s claim: ₽23 bn ($380 m+) (2016-2018)
Representing one of Russia’s biggest banks with regard to the collection and restructuring of debt and initiation of bankruptcy proceedings against a Russian company that renders services for the construction of power-generating facilities, including legal actions against unfair actions of the former top manager of the debtor. Creditor’s claim: ₽13.3 bn ($220 m+) (2016-present)
