team

Restructuring & Bankruptcy

 

The lawyers and attorneys of the Dispute Resolution and Transactions and Corporate Law departments of Nordic Star have extensive experience in providing comprehensive legal support in bankruptcy and debt restructuring proceedings, risk assessment and development of strategies to minimise personal risks of company management in conditions of economic instability, interaction with counterparties in a state of pre-bankruptcy crisis, as well as in matters relating to the liability of persons controlling the debtor and the protection of transactions from challenge in bankruptcy proceedings.

Our team specialises in representing creditors’ interests in all proceedings provided for by insolvency (bankruptcy) legislation, including cases involving credit institutions, other financial institutions, agricultural enterprises and other entities with special legal status. We also provide comprehensive legal support to individuals at all stages of personal bankruptcy proceedings – from the observation stage to the bankruptcy proceedings.

Our services include the development of strategies for the protection of clients’ interests, risk analysis, preparation of legal opinions, representation in arbitration courts and interaction with arbitration managers. We guarantee a professional approach based on an in-depth understanding of current legislation and court practice, which allows us to minimise risks and achieve optimal results for our clients.

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

Rankings

 

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)

Kommersant 

  • Bankruptcy: Andrew Bezhan (Leading Lawyer, 2020)

Additional information

 
Anna Zabrotskaya
Managing Partner in Russia, Attorney-at-Law
+7 921 951 39 18
St. Petersburg
 
Kseniya Malmygina
Head of the Restructuring and Bankruptcy Practice
+7 921 953 81 41
Saint-Petersburg