Restructuring, Insolvency & Bankruptcy


The lawyers and attorneys in the Dispute Resolution and Transactions & Corporate Law Practices of Nordic Star Law Offices have extensive experience in advising clients on debt restructuring, interactions with counterparties who are on the verge of bankruptcy, and the liability of controlling persons. We represent creditors in all insolvency (bankruptcy) procedures of companies, including credit institutions and other financial organizations, agricultural companies and other special subjects, as well as individuals, including individual entrepreneurs.

Areas of Expertise

  • Debt restructuring
  • Representing major creditors in bankruptcy procedures in state commercial courts in Russia
  • Advising on the liability of persons controlling a debtor
  • Challenging transactions to withdraw assets
  • Searching for assets and providing legal support when a debtor’s foreign assets are recovered
  • Cross-border bankruptcy

Recent Cases

  • Represented a large international financial institution that was a creditor in a plywood mill’s bankruptcy, which was commenced in 2008. In 2014, the bankruptcy procedure was completed by a new amicable agreement
  • Advised a client on a potential litigation strategy in a dispute with its investment partner over several hotel development projects. The client was involved in three bankruptcy procedures, including the personal insolvency of the beneficial owner. The litigation strategy presupposed, among other things, challenging transactions in three jurisdictions: Russia, Austria and Latvia
  • Represented a Finnish company selling agricultural products that was a creditor, against a Russian fisheries company in a bankruptcy case
  • Represented a subsidiary of a large foreign developer in a dispute for the recovery of debts incurred in connection with the sale and purchase of a land plot. The dispute was initiated by the bankruptcy manager on behalf of the seller
  • Represented a Russian subsidiary of one of the largest Swedish banks as a creditor in a bankruptcy of a large chain of petrol stations
  • Represented a subsidiary of an international pharmaceutical company which is among the top 20 global leading pharmaceutical companies and was a creditor in the bankruptcy case of its Russian counterparty
  • Represented a large financial corporation in a dispute with a surety, a Latvia-based industrial and commercial company, over the enforcement of an amicable agreement that was concluded within the framework of a bankruptcy case. The debt was repaid in full



IFLR 1000

  • Restructuring and insolvency (Other notable 2016 – 2021)

IFLR 1000 | 2019

“The team is very responsive, hard-working and solution-orientated. I would not hesitate referring a delicate matter to them.”

“Strong judicial practice with professional lawyers.”

The Best Lawyers

  • Insolvency and Reorganization Law: Anna Zabrotskaya, Andrew Bezhan

Pravo – 300

  •  Bankruptcy, Regional ranking (2021. Group 2: 2022, Group 3: 2023)


  • Bankruptcy: Andrew Bezhan (Leading Lawyer, 2020)

Additional information

Anna Zabrotskaya
Partner, Attorney-at-Law
+7 921 951 39 18
St. Petersburg
Kseniya Malmygina
+7 921 953 81 41