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 office in the Middle East, 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
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The lawyers are looking for assets in the region where the debtor and its beneficiaries are located and will then develop a strategy based on obtained information on how to obtain as much satisfaction as possible using the identified assets
Participation in cross-border bankruptcies, including challenging transactions for withdrawing assets
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The lawyers coordinate the activities of consultants in several jurisdictions, ensuring efficient operation in all areas
Initiating and supporting application of administrative sanctions and criminal liability measures to the persons controlling the debtor. Analysis of all actions by debtor controlling persons in order to determine their impact on the bankruptcy
Search and seizure of the assets of the debtor and its controlling persons in order to ensure debt repayment
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A prompt response is required to the actions of the debtor and related persons targeted at output of property, and undermine such attempts by timely applying for interim and other relief

Products

We advised:

A Major Oil and Gas Producer

over recovery of damages and imposition of subsidiary liability on a PCD (person controlling the debtor) in the amount of RUB 10 bln in a bankruptcy case of a customs broker; a ruling in the amount of RUB 2 bln was recognised and enforced in England

Former Chairman of the Board of Promsvyazbank

as part of comprehensive support for bankruptcy proceedings, support for the interests of the client and their spouse in more than 25 separate disputes. The claims lodged by creditors exceed RUB 350 bln

One of the World's Biggest Pharmaceutical Companies

in a separate dispute in a bankruptcy case of its counterparty over recognition and enforcement of a decision by a Swiss state court in the amount of about RUB 1 bln in the absence of a bilateral agreement between the Russian Federation and Switzerland and subject to the 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 scope of the Sakhalin-2 project. The client’s claims totalled over RUB 8 bln

One of the Biggest Banking and Financial Institutions in the Middle East

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

One of the Leading Energy Companies

as a creditor in a bankruptcy case of the heating supplier of the Russian urban district (the creditor's claims, including current payments, exceed RUB 1 bln), including disputes over challenging transactions, imposing subsidiary liability, challenging tenders and collecting accounts receivable

Members of the Management Bodies of a Shopping Centre Operator

among the top 15 biggest shopping centres in Moscow in a dispute over subsidiary liability of more than RUB 34 bln

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