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
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)
Representing a majority lender in bankruptcy proceedings in relation to Russia’s biggest shoe retailer. Creditor’s claim: ₽25 bn+ ($415 m+) (2016-2023)
Victory in a precedent-setting (Supreme Court of Russia) insolvency dispute over the right of competing creditors to contest judicial acts in defence of the interests of a construction company in debt recovery under ten subcontractor agreements. Matter value: ₽1.3 bn ($21 m+) (2015-2020)
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 over 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 Stroygazconsulting, a major Russian construction group, on restructuring the group’s indebtedness 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)
Advising one of Russia’s biggest banks on bankruptcy proceedings against a Top-5 Russian producer and exporter of steam coal. Creditor’s claim: ₽23 bn ($380 m+) (2016-2018)
Representing one of Russia’s biggest banks with respect to collection and restructuring of debt and initiation of bankruptcy proceedings against a Russian company rendering power-generating facility construction services, including legal actions against unfair actions on the part of the debtor’s former top manager. Creditor’s claim: ₽13.3 bn ($220 m+) (2016-present)
Representing a majority lender in bankruptcy proceedings in relation to Russia’s biggest shoe retailer. Creditor’s claim: ₽25 bn+ ($415 m+) (2016-2023)
Victory in a precedent-setting (Supreme Court of Russia) insolvency dispute over the right of competing creditors to contest judicial acts in defence of the interests of a construction company in debt recovery under ten subcontractor agreements. Matter value: ₽1.3 bn ($21 m+) (2015-2020)
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 over 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 Stroygazconsulting, a major Russian construction group, on restructuring the group’s indebtedness 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)
Advising one of Russia’s biggest banks on bankruptcy proceedings against a Top-5 Russian producer and exporter of steam coal. Creditor’s claim: ₽23 bn ($380 m+) (2016-2018)
Representing one of Russia’s biggest banks with respect to collection and restructuring of debt and initiation of bankruptcy proceedings against a Russian company rendering power-generating facility construction services, including legal actions against unfair actions on the part of the debtor’s former top manager. Creditor’s claim: ₽13.3 bn ($220 m+) (2016-present)
