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25
November
2016

Deputies seek settlement

The Volgograd Administration has enlisted the support of the City Council for redoing a settlement agreement with creditors of MUP VKKh, whose property has already been handed over to Kontsessii Nagreva LLC (member company of the Leader Group). Lenders have challenged this procedure. Observers believe that the Mayor’s Office would not be seeking a settlement agreement, without being confident that it will not be challenged.
Kommersant (Volgograd)
3
November
2016

Fast and cheap: lawyers argue about the various schemas for simplified bankruptcy of individuals

The law on the bankruptcy of individuals, contrary to expectations, did not become a panacea for the vast majority of debtors: during the thirteen months of its existence, a little more than 1,000 Russian citizens have been recognized as bankrupt. The stumbling block seems to be the high cost and complexity of the procedure itself. However, this situation may be reversed with the introduction of a simplified schema for the bankruptcy of individuals, who find themselves in really devastating situations. Such amendments to the law were almost simultaneously proposed by the Ministry of Economic Development and the Russian Union of Self-Regulated Organizations of Arbitration Managers (RUSROAM). Pravo.ru compared the texts of the two bills, and asked lawyers to comment on them.

Pravo.ru
6
October
2016

Cold coming from the heating network

The Concessions Heating LLC, part of the Leader Group, concluded a concession agreement with the Administration of the City of Volgograd on the transfer of the urban heating systems. However, its entry into force may be deferred. The Volga Arbitration Court resumed the bankruptcy case of the former manager of these networks – the MUP VKKh, whose property has been transferred to Concessions Heating LLC under the concession agreement. Now the creditors can challenge the transfer of these assets.

Kommersant (Volgograd)
18
May
2016

And you will answer for your debts

Managers of enterprises to be more often held financially responsible

Volgograd Pravda.Ru
4
April
2016

Restricting the rights of minority shareholders will deprive them of the possibilities of challenging transactions

The Ministry of Economic Development has prepared amendments to the law “On Joint Stock Companies”, aimed not only at simplifying the approval of related party transactions, but also to make the challenging of transactions by shareholders more difficult. Experts believe that this is a very controversial initiative, because it exacerbates the already unenviable position of minority shareholders.

Pravo.ru
14
March
2016

Mikhail Paramonov stretching out his bankruptcy

Former owner of TagAZ avoided filing for bankruptcy under the simplified procedure, and secured breathing space to prepare for the sale of his property

Gorod N
29
February
2016

Lawyers are challenging, in the Constitutional Court, the right of courts to limit legal fees

An “affiliate” of the Shell Oil Company has turned to the RF Constitutional Court with an appeal against the judicial practice of reducing the costs of legal services to be recovered from the losing party. Earlier this year, the RF Supreme Court set a “reasonable” amount of legal costs, but the company believes that when setting compensation, the courts should take into account the market conditions, rather than the “lowest possible” price for services. Pravo.Ru asked representatives of the legal community, whether they thought the concern’s position was justified, and whether there is an equitable way out of this situation.
Pravo.ru
15
February
2016

“Melodia” not in harmony

Melodia LLC has applied to the Arbitration Court of the Samara Oblast with a new lawsuit against the Regional Ministry of Transport, in which the company is seeking an easement (the right to use another's property) on the part of the Nota Shopping Centre, located within the boundaries of the bend of the Moskovskoye Highway. We should note that this litigation between the Regional Ministry of Transport and Melodia LLC, due to the construction by the latter of a shopping centre, has been going on for several years already. Last week, in the appellate court, the Ministry was able to have satisfied its demand to have the Nota SC demolished. The prospects of Melodia’s new application, as far as lawyers are concerned, seem rather “dim”.
Kommersant (Volgograd)
9
November
2016

Debtors started to believe in the procedure

In the Volgograd Oblast, they summed up the preliminary results of the first year of implementation of the personal bankruptcy procedure. As the experts expected, mass bankruptcies in the region did not take place.
Volgograd Pravda.Ru
13
October
2016

Sell and forgive

The Nizhny Novgorod company DSK-HH CJSC, member of the SU-155 Group of Companies, which entered into bankruptcy after rehabilitation of the commercial bank Russian Capital, sold part of its property to pay off wage arrears. The bailiffs sold the finished concrete slabs of the Nizhstroykom Company (contractor of Russian Capital), for which they received 68 million roubles. This allowed not only to repay the debt owed to former employees, but also to direct 15 million roubles to write-off debts to the tax service, and continue work on the completion of SU-155 residential buildings.

Kommersant (N.Novgorod)
30
June
2016

They are still competing for the printing house

The auction for the sale of the buildings of the Samara Printing House and the land beneath them, the winner of which was Azimut LLC, owned by Alexey Shapovalov is being challenged by the Moscow company Kapstroy LLC. The latter company also wanted to take part in this auction, but was not allowed to participate in it. We should recall that the objects were sold at auction as part of the bankruptcy proceedings of the Samara House Publishing House OJSC for 35.1 million roubles. Also at the request of Kapstroy, provisional measures were imposed, prohibiting the conclusion of the contract of sale between the Samara Printing House and Azimuth.

Kommersant (Samara)
19
April
2016

Doninvest Bank is trying to recover 171.1 million roubles from Hong Kong

The Arbitration Court of Rostov Region has accepted the claim of Doninvest Bank (license revoked on 09 October 2014) against TIAGI HK LIMITED. 

Gorod N
31
March
2016

Unfinished construction to be withdrawn from competition

A group defrauded real estate investors is proposing changes be made to regional legislation – those builders, who shall undertake to complete unfinished residential apartment buildings, should be given land for their other projects on favourable terms. Such a proposal was made ​​during a discussion on the prospects for finishing the construction of residential apartment buildings abandoned by the Yunizh Story Company after it declared bankruptcy.

Kommersant (Volgograd)
1
March
2016

Oligarch in Bestyakh: why all government money does not go to subcontractors

Transstroy is building the Zenith Arena and laying the Amur-Yakutsk Railway Line using a unique methodology. However, in every “construction of the century” project, behind the major recipient of government contracts, hide dozens of small subcontractors

Forbes
19
February
2016

58th bus route taken to court. Passenger carrier challenges the transfer of a bus route to its competitor

The Rostovelektrotrans Company has filed a lawsuit with the Arbitration Court of Rostov Oblast against the Rostov Department of Transport because of termination of its contract to carry passengers on the 58th bus route. The city administration is claiming repeated failure by the passenger carrier to fulfil its contractual obligations. The Court rejected the company’s request to implement interim measures – to suspend the decision of the Department.

Gorod N
13
January
2016

The year 2015: “binding” amendments, the Law on PPP, capital amnesty, and more

The traditional December poll by the EZH-Jurist newspaper of law practice professionals, on to how they viewed the events of the outgoing year, became a demonstration of pluralism rather than unanimity. The experts named a number of important events that occurred in 2015, but these all concerned different legal areas and, unlike as occurred in the year 2012, it proved impossible to define a common favorite. Just as well – the readers of the EZH-Jurist had the opportunity to review all of those, so very different, results.

Business and Life
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