Bankruptcy Petition Against Russian Debtor
Posted on Feb 10, 2017
Our business litigation lawyers in Russia are preparing a bankruptcy petition against the debtor on behalf of our Italian customer - a major producer and supplier of vending machines in the EU. In 2016 with the help of our lawyers, the Arbitration Court of Moscow fully satisfied the claims of our client against the Russian company. During the enforcement proceedings which were initiated upon request of the client, it became clear that the debtor’s property is not sufficient to satisfy the claims of all its creditors, including our client. In addition, the debtor took a number of illegal actions aimed at concealment of its assets. In these circumstances, it was decided to initiate bankruptcy proceedings.