Restructuring & Insolvency

Our team has represented clients in major restructuring and bankruptcy cases. Our expertise includes client support at all stages of bankruptcy proceedings – from initiating a bankruptcy case to asset sale, distribution of bankruptcy estate and completion of proceedings.

Members of our team have represented, among others, clients in the following landmark disputes*.

  • Representing a foreign debtor in a bankruptcy case connected to the largest corporate conflict in modern Russia

  • Advising a financial holding in connection with developing a strategy for the recovery of a debt under a bond issue in courts of England, the Netherlands, and Cyprus

  • Representing holders of Russian bank’s shares sold out at an auction conducted in the bankruptcy case of a large insolvent bank

  • Representing a major Russian businessman in a dispute over asset freezing in connection with a subsidiary liability action against the former management of a major Russian bank

  • Advising a major Danish public agricultural holding in relation to debt restructuring with credit institutions and termination of mutual contractual obligations with Russian counterparties in relation to the holding’s assets in Russia. Drafting a settlement agreement and termination of proceedings in Russian court and international commercial arbitration as a result of its execution

  • Representing a Dutch bank in connection with a bankruptcy case involving its debtor and in a parallel dispute on the invalidation of loan agreements tried by a court of general jurisdiction, including before the Supreme Court of the Russian Federation

  • Defending Russian subsidiaries of an Austrian largest retail holding in more than 35 disputes and a number of bankruptcy proceedings, which related to the misappropriation of certain retail assets in more than 30 supermarkets in Moscow and Tula worth tens of millions of dollars and the pledge of those assets to top Russian banks

  • Representing a top Greek bank in a number of high-profile disputes before Russian courts with respect to the foreclosure over land plots as well as in subsequent bankruptcy proceedings of Russian subsidiaries of a Greek development conglomerate following a EUR40 million default under Greek law governed facility agreement. Our work included case law representation on issues of proof of foreign jurisdiction rules, retention of property between a prior and subsequent pledgee, and procedural succession issues

  • Representing German development conglomerate in several Russian disputes against a notorious businessman in St.-Petersburg emerging from pushing a Russian subsidiary into insolvency by concluding fake loan agreement and bringing the mother-companies to secondary liability for its debts

  • Representing the receivers of a Russian businessman appointed by the English court to recover over USD 200 million in Russia, the UK, Luxembourg, France and the Caribbean

  • Representing a private investor and a group of his companies in a dispute with a major Russian agricultural company as a bond issuer and its guarantors in connection with the issuer’s default on bond obligations and subsequent bankruptcy proceedings in several Russian regions

  • Representing a major private energy generating company in a bankruptcy of a significant contractor in a dispute regarding subsidiary liability of its controlling persons, including former Minister for Open Government Affairs Mikhail Abyzov

    *This includes experience of our team members prior to joining RGD.