SUPPORTING BANKRUPTCY PROCEEDINGS

Our company represents the interests:

- of the Russian companies and citizens acting both on the part of creditors or debtors, as well as being parties to the contested transactions, and who are brought to subsidiary liability or required to recover damages;

- of the foreign companies that are creditors of the Russian companies in bankruptcy proceedings in Russia.

In the framework of this practice, we we, in particular, provide the following:

• Advising on bankruptcy matters in relation to the Russian companies and citizens;

• Analysing the available documents and other information about the debtor and its affiliated persons, the prospects for repayment of debts and determining, together with the customer, the optimal strategy of actions in the bankruptcy proceedings;

• Drafting the application for declaring the debtor bankrupt/application for the inclusion of a claim in the register of creditors' claims and documents attached to the application, actions required to apply to the arbitration court;

• Initiating a criminal case against persons controlling the debtor’s activities, if they have signs of bankruptcy in their actions;

• Participation in bankruptcy proceedings;

• Submission of objections to the statements of creditors on inclusion of claims in the register of creditors' claims;

• Challenging the debtor’s transactions and preparing statements about bringing the persons controlling the debtor’s activities to subsidiary liability, recovering damages from them, as well as drafting objections thereto when appealing to the court of appeal;

• Assistance in choosing candidates for the arbitration manager;

• Participation in creditors' meetings/committees;

• Drafting regulations on the sale of the creditor's pledged property;

• Appealing against illegal actions of arbitration managers, etc.

We provide comprehensive support of bankruptcy proceedings for both borrowers, guarantors and mortgagors if there are grounds for initiating their bankruptcy.

If the creditor has a pledging, we search for persons interested in acquiring the pledged property, negotiating with them for the possible assignment of rights to claim in relation to bankruptcy claims.