The business of the company was split between several legal entities that were owners of production premises and sites, land, equipment, and intellectual property. All the members of the group, including its beneficiary, were bound by credit obligations.
As part of the project, our law firm represented the participants and managers of the legal entities, which are part of a single production group.
During the bankruptcy proceedings, the firm persuaded the receiver and creditors to opt for selling the property as a single business rather than as disparate lots.
The court refused to impose subsidiary liability for over 1.5 billion RUB on the managers and participants of the group.