Bankruptcy
If a debtor fails to meet liabilities
to creditors to the full extent, the question regarding protection of debtor and
creditors in the situation of bankruptcy (when there are no enough assets to
settle all the claims) arises. Prompt and efficient actions are the critical
precondition for mitigation of risks associated with bankruptcy.
We provide comprehensive support
and specific services pertaining to insolvency (bankruptcy) proceedings.
Solutions
- Full support in bankruptcy proceedings.
- Oral and written advices on bankruptcy.
- Protection of creditors’ rights, determination of claims, challenging of transactions and claims of other creditors, monitoring of court-appointed manager performance, bringing to responsibility of debtor’s chief executive officer and controllers.
- Protection of debtor’s rights, financial analysis, defence against challenging of transactions, defence against subsidiary liability.
Defense of Debtor Control Person’s interests
Successfully provided advice to clients in litigation regarding
pursuing secondary liability on debtor’s control persons for his debts.
Defense of Creditors’ Rights
Maximum defense and recovery of infringed rights of a secured
lender in a bankruptcy case. All remedies used: administrator’s liability
including insurance coverage, restitution on the grounds of void transaction, non-application
to the debtor (an individual) of the rule of exemption from debts (for the
first time in the Russian court practice). Besides, each debtor’s debt was qualified
as improper, which excludes any possibility of getting out of it through
subsequent bankruptcies.