The state corporation “Deposit Insurance Agency” filed a petition with the arbitration court to hold several top managers of a commercial bank subsidiarily liable for driving the bank into bankruptcy.

Ivo Helory law firm represented the defendant, a member of the board of directors. Due to the legal position and strategy the firm developed, the claimant's arguments were rejected by the court and the client avoided being held liable for over 13 billion RUB.

This dispute was noted by the legal community as a benchmark case in evaluating the role of the board of directors in driving a credit institution into bankruptcy.

The State Corporation "Deposits Insurance Agency" applied to invalidate several agreements on assignment of right of claim worth 2.4 billion RUB entered into between a major Siberian bank (assignor), declared bankrupt, and several legal entities (assignees).

Attorneys from Ivo Helory, representing for three years several defendants who were the recipients of the rights of claim in the disputed transactions, were able to prove the legality of the transactions and the lack of grounds for declaring them null and void.

A receiver of a major clothing brand chain filed an application in arbitration court seeking subsidiary liability for the debtor's former manager and his controlling parties.

The firm submitted a written legal opinion and a detailed positive illustration of the defendants' role in the debtor's bankruptcy case. We were therefore able to defend our clients from claims in the amount of 3.5 billion RUB.

A credit institution initiated bankruptcy proceedings against a group of companies that owned a business center with a collateral value exceeding 500 million RUB.

The firm developed and proposed to the client several legal options to resolve the crisis, while simultaneously engaging in negotiations with the bank and other creditors.

The firm's legal position and the results of the negotiations eliminated the risk of bankruptcy proceedings, secured a 70% discount, enabled an amicable settlement with all creditors, and preserved the building.

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.