Bankruptcy
Customer legal assistance in bankruptcy proceedings is the key branch of MGP Lawyers’ activity. This work has been distinguished in Russia’s legal rating “Pravo300” (Bankruptcy) and International Legal Rating IFLR1000 (Restructuring and Insolvency).
Our services include:
- creditor protection in bankruptcy proceeding
- initiation of debtor’s bankruptcy proceeding;
- prevention of withdrawal of assets prior to and in the period of bankruptcy;
- prevention of entering of justice obstructing persons into the creditors’ claims register;
- contesting the assets withdrawal transactions;
- analysis of debtor’s documents to reveal withdrawn and hidden property;
- getting information on the debtor’s assets in case the documents are withheld;
- acting on behalf of creditors before law enforcement authorities in connection with the debtor’s illegal activities;
- calling the controlling persons for subsidiary liability;
- collection of damages from former management;
- revealing of business beneficiaries to call them to account;
- calling to account and dismissal of bankruptcy commissioners;
- revealing of debtor’s and debtor’s controlling persons assets abroad, attachment and entering of them into the bankruptcy assets;
- alternative ways to protect creditors’ interests (restructuring of debts, amicable negotiations, representation at talks);
- priority of bankruptcy claim.
Acting on behalf of bankruptcy commissioners
- rendering complete assistance in a bankruptcy commissioner’s activity;
- conduction and contesting of creditors’ meetings;
- provision of tenders;
- prevention of entering of justice obstructing persons into the creditors’ claims register;
- contesting the assets withdrawal transactions;
- calling the controlling persons for subsidiary liability;
- getting information on the debtor’s assets and beneficiaries;
- defense of bankruptcy commissioners in damages recovery cases.
Acting on behalf of debtor in bankruptcy
- risk analysis and preparation of proposals to eliminate risks;
- initiation of debtor’s bankruptcy proceeding;
- assistance in bankruptcy rehabilitation procedures and assistance in preparation of receivership plan;
- prevention to enter unfair creditors into the creditors’ claims register;
- contesting the transactions with creditors;
- representing the debtor’s interests in law enforcement authorities;
- protection of controlling persons against subsidiary liability;
- protection of management against recovery of damages;
- protection of business beneficiaries against calling to account;
- calling to account and dismissal of bankruptcy commissioners;
- alternative ways to protect creditors’ interests (restructuring of debts, amicable negotiations, representation at talks).
Legal assistance in bankruptcy
- preparation and conduction of tender in bankruptcy;
- contesting of tenders and auctions;
- collection of damages from tender provider and bankruptcy commissioner;
- acting on behalf of buyers in tender;
- protection of electronic trading platform’s and tender provider’s interests;
- analysis and revision of tender documentation.
Special bankruptcy procedures
- legal assistance to individuals in bankruptcy (revealing of property, contesting of transactions, annulations of marital and alimony contracts, elimination of debts);
- legal assistance in developer’s bankruptcy procedures (protection of debtor and investors, transfer of procedure to a different region);
- legal assistance in agricultural unions’ bankruptcy procedures (assistance in rehabilitation procedures taking seasonality of production cycle into account);
- legal assistance in bankruptcy of town-forming and strategic entities;
- legal assistance in bankruptcy of financial and credit institutions (contesting the calls presented by Deposit Insurance Agency, protection and calling to account of controlling persons).