Successfully protected a client in a complex corporate dispute

The lawyers from our St Petersburg corporate practice have successfully defended the interests of a public enterprise, a large regional producer of bread and pastries, in a dispute with its former shareholders who sought to challenge a resolution of the enterprise’s supervisory board regarding how the redemption price of shares had been established.

Our arguments convinced the judges that it was correct to apply a consistent approach to the rules for how shares are valued during redemption. Our team has won the case in courts of three levels, with the claims of former shareholders being dismissed in full.

Also, we have managed to prevent a precedent being established which could have had rather dire consequences for the company, both from financial perspective (up to the bankruptcy and liquidation of the enterprise had numerous claims of its former employees been upheld) and from the perspective of engaging the company’s internal resources.