Restructuring and Insolvency

Restructuring and Insolvency

About
Experience
Rankings and Awards

ALRUD Law Firm is specialising in the restructuring and insolvency projects both for companies and natural persons. Due to its perfect reputation and profound experience ALRUD is recognized as the leading legal advisor in this area in Russia.

Almost on a daily basis we are receiving requests concerning bad debts, which demonstrates the importance of proper protection of business interests during the period of financial instability.

The team has deep expertise in high profile cases involving international element (e.g. cases involving abroad assets of the debtor), which requires high qualification of the lawyers and outstanding knowledge of foreign languages.

ALRUD associates have considerable experience of both working on complex manifold restructuring and bankruptcy projects and separate cases involving prevention of assets siphoning, challenging debtor’s transactions and bringing the debtor’s controlling persons to secondary (subsidiary) liability. Apart from this, we are regularly advising Clients on analysis of bankruptcy related risks for the transactions involving purchase of the assets from insolvent company.

Our services include:

Services for the creditors:

  • Full scope analysis of the debtor’s current state and perspectives of the claims settlement in course of bankruptcy proceedings;
  • Including claims into the register of debtor creditors’ claims / objections against claims of other creditors, including post-petition (“current”) debts;
  • Interaction with and control over bankruptcy manager’s activities, bringing bankruptcy managers to liability;
  • Prevention of assets illegal disposal, challenging debtor’s transactions and returning assets to the bankruptcy estate;
  • Bringing to secondary (“subsidiary”) liability / recovery of losses from the debtor’s shareholders, management and bankruptcy managers;
  • Representing creditors in negotiations on indebtedness restructuring and construction of settlement agreement in course of bankruptcy proceedings;
  • Supervision and assistance in criminal law aspects of bankruptcy.

Services for the debtors and bankruptcy managers:

  • Elaboration of the strategy and full assistance in the procedures of debtor’s voluntary liquidation and bankruptcy / elaboration of the bankruptcy prevention and financial rehabilitation strategies;
  • Preventing inclusion of bad faith creditor’s claims into the registry of debtor creditors’ claims;
  • Challenging of the debtor’s transactions and return of the assets to the bankruptcy estate;
  • Arrangement and assistance in the official procedures of debtor’s assets sale;
  • Arrangement and holding of creditors’ meetings;
  • Representing the debtor in negotiations on indebtedness restructuring and reaching a settlement in course of bankruptcy proceedings.

Services for the debtors and bankruptcy managers:

  • Elaboration of the strategy and full assistance in the procedures of debtor’s voluntary liquidation and bankruptcy / elaboration of the bankruptcy prevention and financial rehabilitation strategies;
  • Preventing inclusion of bad faith creditor’s claims into the registry of debtor creditors’ claims;
  • Challenging of the debtor’s transactions and return of the assets to the bankruptcy estate;
  • Arrangement and assistance in the official procedures of debtor’s assets sale;
  • Arrangement and holding of creditors’ meetings;
  • Representing the debtor in negotiations on indebtedness restructuring and reaching a settlement in course of bankruptcy proceedings.

Services for the third parties involved in bankruptcy proceedings:

  • Full protection of debtor’s counterparties’ interests in course of side disputes on invalidation of their transactions with the debtor;
  • Protection of the former management / bankruptcy manages’ interests in the cases on their secondary (“subsidiary”) liability and recovery of losses.
  • Apart from conventional advising on the Russian bankruptcy legislation we also have significant expertise in indebtedness restructuring as well as restructuring and improvement of the respective securitisations from perspective of bankruptcy related risks.

Highlights of recent domestic and international work

Represented Mechel group in a complex transaction on sale of the assets (including Elgaugol, Mechel Trans Vostok, Elga Doroga) to Gazprombank

within the framework of a global transaction on restructuring of Mechel obligations towards the group of banks. The received money (34,3 billion Rubles) were used to settle the Mechel group indebtedness and obligations towards its creditors.

Represented the Russian subsidiary of the leading Chinese manufacturer

of hi-tech equipment for agricultural, construction, energy, ecology and transportation industries in a series of disputes on recovery of indebtedness and bankruptcy of the numerous Russian leaseholders.

Advised and provided full scope representation of the largest company of “Rosatom” SC nuclear fuel subdivision

in the bankruptcy case of a big machinery plant in Chelyabinsk region with the amount of claims exceeding 400 million Rubles, as well as in other 15 related parallel disputes in arbitrazh (state commercial) courts and the courts of general jurisdiction.

Represented and advised major vehicle manufacturer

in a series of parallel interrelated bankruptcy proceedings involving the Client’s regional distributors and dealers in various regions of Russia.

Advised and represented the leading Czech manufacturer of glass containers production equipment

in a number of its Russian counterparties’ bankruptcy cases in different regions of the country with the total amount of indebtedness exceeding EUR 50 million.

In cooperation with a British law firm advised

an International investment fund on the matters of restructuring and enforcement procedures in finance project with participation of a UK foreign investment fund in relation to restructuring and recovery of USD 100 mln facility provided to Russian borrower

Representing one of the top Russian oil and gas producers

in the huge dispute on collection of over RUB 10 bln of overpaid customs payments from the customs broker and its further bankruptcy proceedings.

Provided full assistance and represented the major North American manufacturer of chemicals in the bankruptcy proceedings

of its Russian counterparty, which failed to pay the indebtedness and attempted to illegally dispose assets of the insolvent company.

Advises and represented a number of foreign Clients in the bankruptcy proceedings of Transaero

(the largest private airline company in Russia).

Represented the Russian subsidiary of a major European manufacturer

of ceramic products and bathroom equipment in a side dispute on invalidation of the transaction involving the production plant and equipment actively used by the Client in its operations.

Rankings and Awards

ALRUD ranked by Chambers Europe 2019

On March 12, 2019 worldwide-known international rating agency Chambers and Partners has published the results of the Chambers Europe 2018 research. AL...

ALRUD in IFLR1000 rating

The results of annual researching project IFLR1000 «Financial and Corporate» were published. This rating confirms that Law Firm ALRUD continues to tak...

ALRUD took leading position in the Legal 500 EMEA 2019 rating

On April 10, Legal 500, one of the most influential international legal ratings, published the results of its regular analysis. Annually, the agency a...

ALRUD positions in the Best Lawyers 2020 rating

Best Lawyers, the oldest and most respected guide to the legal profession, announced the 11th Edition of The Best Lawyers in Russia on 24th May 2019. ...

ALRUD in IFLR1000 rating

The results of annual researching project IFLR1000 «Financial and Corporate» were published. This rating confirms that Law Firm ALRUD continues to tak...

Best Lawyers 2019 recognized ALRUD experts

Best Lawyers, the oldest and most respected guide to the legal profession, announced the 10th Edition of The Best Lawyers in Russia on 27 June 2018. A...

ALRUD ranked by Chambers Europe 2018

On March 8, 2018 worldwide-known international rating agency Chambers and Partners has published the results of the Chambers Europe 2017 research. ALR...

We use cookies to offer better performance of the website and fulfill some other purposes specified in the Privacy Policy. By way of ticking the box you provide your consent to use of cookies. Otherwise, we will only use technical cookies, which are necessary for proper functioning of the website.
Accept