Products

Bankruptcy practice is traditionally one of the main ones in BGP Litigation and is targeted at conducting complex Russian and cross-border cases. The capacity to provide comprehensive services and, where necessary, build multidisciplinary teams, including from other jurisdictions, is one of the greatest strengths of the practice.

Our clients include major players in various economy sectors, who one way or the other participate in a bankruptcy case. We see the complete range of problems that businesses face: from assessment of financial feasibility of bankruptcy proceeding initiation to litigation of cases related to administrative sanctions and criminal liability measures applied to the persons who control the debtor. Our fundamental understanding of company challenges sets us apart from our competitors and creates added value for our clients.

Bankruptcy practice attracts experts from related areas, whose knowledge and experience help develop sought-after products and reliably protect the client's interests. This is part of a strategy focused on provision of multi-service support to clients.

Representative offices in the Middle East and Serbia, as well as a wide network of business contacts in other jurisdictions, make it possible to more efficiently support cross-border bankruptcy procedures and foreclose on assets abroad, search for property, conduct situation analysis and develop strategies for working with debtors operating in several jurisdictions.

Services
Preliminary analysis of the situation and development of a strategy for working with debtors operating in several jurisdictions. The lawyers search for assets in the regions where the debtor and his beneficiaries are present, then, based on the informat
Participation in cross-border bankruptcies, including challenging transactions for output of property. The lawyers coordinate the activities of consultants in several jurisdictions, ensuring efficient operation in all areas
Initiating and supporting procedures for application of administrative sanctions and criminal liability measures to the persons who control the debtor. Analysis of all actions of persons who control the debtor in order to determine their impact on the b
Search and seizure of the assets of the debtor and persons who control him in order to ensure debt repayment. It is necessary to promptly respond to the actions of the debtor and related persons targeted at output of property, and undermine such attempt

Products

We advised:

the largest oil and gas producer

in a bankruptcy case of a customs broker in disputes over recovery of damages and imposition of subsidiary liability on PHD (person controlling the debtor) in the amount of 10 bln roubles, the ruling in the amount of 2 bln was recognized and enforced in England

former Chairman of the Board of Promsvyazbank

within the framework of comprehensive support of bankruptcy proceedings, support of client’s interests and his spouse in more than 25 separate disputes. The amount of claims lodged by creditors exceeds 350 bln roubles

one of the world's largest pharmaceutical companies

in a separate dispute in a bankruptcy case of its counterparty on recognition and enforcement of a decision of the Swiss state court in the amount of about 1 bln roubles absent a bilateral agreement between the Russian Federation and Switzerland and subject to unprecedented sanctions

an EPC gas field contractor

during a comprehensive project where the client was a creditor in a bankruptcy case of its counterparty within the framework of Sakhalin-2 project. The total amount of client’s claims exceeds 8 bln roubles

one of the largest banking and financial organizations in the Middle East

in a dispute over inclusion in the register of a Russian agricultural holding worth 5 bln roubles and challenging the guarantee issued to secure the holding's Euro-bonds

T Plus

as a creditor in a bankruptcy case of the heating supplier MUE "ZhES" of urban district Syzran (the amount of the creditor's claims, including current payments, exceeds 1 bln roubles), including disputes on challenging transactions, on bringing to subsidiary liability, on challenging tenders and on collecting accounts receivable

Members of the management bodies of a shopping centre operator

from the top 15 largest shopping centres in Moscow in a dispute over subsidiary liability in the amount exceeding 34 bln roubles

Team

Dmitry Bazarov
Partner, partner committee member, attorney — Dispute Resolution, Bankruptcy
Vladimir Efremov
Partner, attorney — Dispute Resolution, Bankruptcy
Vladimir Klimenko
Counsel, attorney — Bankruptcy, Dispute resolution