Lawyers. Tax consultants. Accountants.
Our bankruptcy lawyers provide effective legal support to clients while advising on some certain issues, as well as during the complex support of all bankruptcy proceedings.
We deal with different cases and situations connected with bankruptcy of companies and individuals, representing interests of:
• the debtor;
• owners and managers of the debtor company (controlling persons);
• persons whose transactions are disputed in the course of bankruptcy;
• persons acquiring assets during the sale of bankruptcy property.
If we are assigned to maintain full legal support for the bankruptcy procedures, we independently build a team of specialists using our close connections with different specialists: bankruptcy trustees, auditors, appraisers, attorneys, etc.
Legal advice on bankruptcy is often necessary during the ordinary course of ongoing business activities of the company for eliminating the risks associated with the requirements of bankruptcy(insolvency) laws. For instance, when dealing with some “problematic” counterparties, or conducting business restructuring, incl. considering the liability of controlling persons. In these cases, we are also ready to provide legal assistance.
One shall be acknowledged that bankruptcy is the only legal and safe way of liquidating a company which is unable to pay its debts. All other “alternative ways” such as changing of a director or founders, joining to another company and any similar “fast and cheap” options are now hopelessly outdated. This is primarily due to the fact that relatively recently in the Russian legislation on bankruptcy was amended with a really functioning mechanism - subsidiary liability of persons controlling the debtor; and such persons include not only the founders and the head of the company, but also other persons who have real control over the debtor company (thus, the use of nominal founders and directors would not also be a solution). Therefore, creditors can recover the debts from controlling persons of the bankrupt and any actions on changing of the management or the owners of the bankrupt-company will only aggravate the whole situation.
Therefore, when the first signs of problems with timely payment of the company’s debts arise, it is necessary to consider the compliance with bankruptcy regulations, to analyze the situation (hiring experienced bankruptcy lawyers) and take the necessary measures to manage bankruptcy risks.
Bankruptcy procedures for corporate debtors
Services for creditors who need to recover debt from a bankrupt
Services for the debtor or creditors
Why choose us?
One-stop service provider
Focus on support of foreign clients
Short professional biography
International Law Department of the Moscow State University of International Relations of the Ministry of Foreign Affairs. Lawyer for Price Waterhouse until 1996. Licensed by the Appellate Division, First Department, of the New York Supreme Court to practice as a Foreign Legal Consultant in the State of New York.
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