Bankruptcy & Restructuring

Representing the client’s interests in ongoing supplier insolvency proceedings. The team has managed to establish the client as a current creditor, giving it legal priority over other creditors.

Advised Sberbank on the recently completed sale of Eurocement Group debt and equity, following an electronic auction, to the winning bidder – Mikhaylovsky Construction Materials Plant – for an aggregate consideration of RUB 161 bn – positively reviewed by Sberbank as “Unique in terms of size and structure, the transaction is unprecedented on the Russian market. It has been closed by means of an open and transparent market procedure during which participants raised their bids over 40 times.”

Provided support to Great Wall Motors, a major Chinese car manufacturer, on a complex project for recovering over RUB 3.3 bn in debt under international sale and purchase agreements from a bad faith Russian counterparty undergoing controlled bankruptcy proceedings.

Acted for a private client who was a debtor’s shareholder and member of the Board of Directors in a stand-alone dispute over the client’s secondary liability for RUB 3.7 bn in the bankruptcy of the debtor company.