Supporting the bankruptcy proceedings of a major construction company in Russia

Our specialists were involved in the bankruptcy proceedings of a major construction company in Russia that had been engaged in the implementation of crucial infrastructure construction projects for more than fifty years.

As of the bankruptcy proceedings opening date, the book value of the company’s assets amounted to RUB 2,941,278,000.00 (two billion nine hundred and forty-one million two hundred and seventy-eight thousand roubles).

As of the creditors’ list closing date, total payables, including second- and third-priority claims in the creditors’ list, amounted to RUB 4,598,493,151.92 (four billion five hundred and ninety-eight million four hundred and ninety-three thousand one hundred and fifty-one roubles 92/100).

During the bankruptcy proceedings, second- and third-priority claims in the creditors’ list were satisfied in excess of three hundred and fifty-four million roubles, and the company’s property worth over three hundred and forty million roubles was sold.