Provided comprehensive protection to companies and controlling entities of a group
Pepeliaev Group’s lawyers have successfully settled 14 individual disputes in the framework of the bankruptcy of a large Russian IT company and its controlling entities and 4 independent disputes not connected with bankruptcy cases. This has helped to reduce by more than RUB 1 billion the potential risks of liability for the controlling entities.
The project required a high level of expertise in related areas of law, including banking law, corporate law and IP law and which was provided by our colleagues from the relevant practices of Pepeliaev Group. It is very important that certain individual disputes could be settled through conciliation procedures and one bankruptcy case was dismissed when an amicable settlement was reached.
In this project, we have been developing for two years the practice of extending the powers of persons that control the debtor in a bankruptcy case even before the corresponding amendments were introduced to legislation.