With a decision to free controlling persons of a manufacturing company from personal liability finally ended a dispute within the bankruptcy case, initiated by a request of one of its creditors. Despite of strong insistence of a head of the creditor and its lawyers, the court again disagreed with the arguments of the applicant and followed position given ahead by the defence team — lawyers from DCO, LLC law company. At the course of supporting bankruptcy of the manufactural since the moment of its insolvency, the latter managed to form a line of defence of a former manager as well as owners of the company, to help the bankruptcy estate officer collect and form bankruptcy estate, and to pay off priority debts.
On October 28, 2020, a regular Round Table «Claims of affiliated creditors at a bankruptcy case», organized both by the North-West territorial branch of the self-regulatory organization of auditors — association «Sodruzhestvo» and DCO, LLC law firm, happened online. Survey of participants confirmed not only a high relevance of the topic, but also high quality of preparation of the event, professionalism of the speakers and success of a format, which allowed to stay away from theoretical topics. According to them, the most interesting discussions concerned practical aspects of law enforcement, including practice on participation of the speakers in real bankruptcy cases of such large enterprises in St-Petersburg as Metrostroy JSC and Intertorg Trade House.
We kindly invite you to take part at the Round table «Claims of affiliated creditors in bankruptcy case». Meeting of participants happens in Zoom conference room online at 11:00 a.m. (Moscow time zone) on October 28, 2020. Organizers: North-West territorial branch of the Auditors’ self-regulatory association «Sodruzhestvo» and DCO, LLC international law company. Media partner: Shelkoprayd.Info.
Representatives of the Russian Post still trying and continuing their attempts to bring to responsibility for activities of managers of this state owned joint-stock company, whose had lost more than 300,000,000 rubles as a result of their management, on our colleague, a bankruptcy real-estate officer. Having considered the complaint of the Russian Post and arguments of the officer’s defender – Vasily Davydov, attorney, the court of appeal came to a conclusion that the court of the first instance thoroughly and fully examined materials of the case, gave a proper legal assessment of all evidences, and applied applicable rules of the law, without allowing violations of procedural law. According to the appeal, all conclusions contained in the judicial act of the first instance correspond to factual circumstances of the case, and there are no any grounds for its cancellation.
15 court sessions, examination of documents and results of expertise, inquiries to Turkey, interrogations of witnesses and many other procedural formalities, which lasted 2 years and 9 months, were needed for a judge of the Arbitration Court of the Krasnodar region to resolve a dispute related to a claim filed against our Client. By the opinion of a plaintiff at the case, poor-quality product was delivered to him, but the court took into consideration arguments of DCO, LLC law firm’s specialists, made different solution and resolved the dispute in our favour. The claim forwarded by the plaintiff has been completely denied.
Welcome to the briefing «Subsidiary (personal) liability of chief accountants, financial directors, audit companies at the bankruptcy case». The meeting of participants will take place online (ZOOM meeting) at 11:00 o’clock (Moscow time) on June 30, 2020. Organizers: the North-Western territorial branch of the self-regulatory organization of auditors association «Sodruzhestvo» and DCO, LLC international law firm. Media partner: Shelkoprad.Info.
Welcome to the on-line Round table «Particularities of participation at a bankruptcy case», which happens at 15:00 o’clock on June 18, 2020. Organizers: The Union of Industrialists and Entrepreneurs of St. Petersburg, the North-Western territorial branch of the self-regulatory organization of auditors association «Sodruzhestvo» and DCO, LLC international law company.
Media partner: Shelkoprad.Info.
With assistance of DCO, LLC law company, our colleague, an arbitration manager, one from the members of self-regulatory organization the Union of bankruptcy managers «Northern Capital», managed to prove legacy, good faith and reasonableness of all his actions made when fulfilling duties as a bankruptcy trustee. Initiator of the claim addressed to the bankrupt manager was the Federal State Enterprise «Russian Post», one from the creditors in this bankruptcy case. According a decision dated April 30, 2020, the Arbitration Court of St. Petersburg and the Leningrad Region had recognized the application of the Russian Post to recover from the manager damages at amount of 310,740,318 roubles 55 kopecks completely unreasonable.
Our law office continues to work in full compliance with the law requirements for entire quarantine period until April 30, 2020. All company management systems allow our lawyers to conduct their work duties as usual at a distance. We would like to remind on that in order to control a court case and avoid unpleasant surprises, it is necessary to monitor appearance of judicial acts, timely submit documents and send requirements to postpone court session or/and to schedule session in on-line regime. Taking into account complexity and uncertainty of the situation aroused, please, feel free to contact our office at any time of the day.
The management of DCO, LLC law firm have made a decision to represent the interests of a bankrupt manager at the dispute on recovering personally from him losses at the amount of 340 million roubles. We believe that a lawsuit filed by one from bankrupt’s creditors in connection, according the opinion of this particular creditor, improper actions performed by the arbitration manager during his managing a bankruptcy case is completely unfair and has definitely signs of abuse of the law. We believe that our company experience of protecting bankrupt managers in such situations will make it possible to prove to the court the groundlessness of the claim and not only gives a chance to remove requirements but later allows us to charge all legal expenses from the applicant.
On January 17, the first event of 2020 was held in the Finnish-Russian Chamber in St-Petersburg. The guests of the chamber from the Finnish state organization “Business Finland” told to the audience on support of the Finnish Government of foreign businesses start-ups, possibilities for launching and developing innovative and other perspective projects in that country. In their turn, participants of the round table from DCO, LLC international law firm reminded to all about difficulties and particularities of establishing business at the territory of any foreign country. According to our company experience, despite the comfort of living, possibility to get state financing and other prospects for entering the European market, not many investment projects in Finland are really successful. One can read about standard mistakes of Russian entrepreneurs at the pages of Fontanka electronic newspaper in the article of our colleague.
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