Bankruptcy

In this sphere, REVERA’s lawyers offer assistance in:  

  • Consulting on managing risks related to insolvency (bankruptcy);
  • Representation of creditors in all bankruptcy procedures;
  • Protection from temporary/turnaround managers, in particular with respect to contestation of debtor’s transactions;
  • Representation at creditors’ meetings and in courts;
  • Recovery of unlawfully disposed property;
  • Protection against commencement of bankruptcy proceedings;
  • Protection from subsidiary responsibility;
  • Protection of third parties (acquirers of bankrupt’s property);
  • Support during inspections examining grounds for the institution of a criminal case due to bankruptcy proceedings.
     

Great problem solving skills and out of the box thinking.

IFLR 1000

REVERA maintains additional strength in financial litigation, including debt recovery and bankruptcy procedures, with further expertise in construction and tax-related mandates.

Chambers Europe

Projects

Uralkaliy

Representation of shareholder of CJSC “Belarusian Potash Company” appealing against bankruptcy of the enterprise. State enterprise “Belaruskali” was the opponent. Our attorneys appealed against initiation of bankruptcy proceedings and represented the client in judicial instances.

Protecting Syngenta company as lender

Syngenta Agro AG is a global leader in manufacturing plant protection agents and seed breeding.
Representation of client as creditor in a major bankruptcy case. Amount of debt exceeded 3.5 million US dollars.

Preventing bankruptcy of ImmobilienInvest

REVERA represented a developer of a large fitness centre in Minsk. Investor initiated a bankruptcy proceeding, which might entail significant losses for our client. REVERA’s attorneys succeeded in halting the bankruptcy proceeding. Due to this success, the client managed to save a large real estate unit, that he had backed with a significant investment.

PromLeasing

Representation of client in disputes with CEO involving debtor’s bankruptcy and a claim seeking invalidation transactions worth over 700,000$

Protection against bank's lawsuit

Successful defense of our client, Pani investment & construction company, from a bank’s lawsuit. Background: prior to initiating a bankruptcy procedure, a corporate debtor borrowed 2 million US dollars from our client and took out another loan from a bank. However, the debt was not repaid, therefore bank decided to demand abrogation of our client’s agreement with debtor, in order to raise the prospect of collecting the debt. At present, over 50% of the amount owed has been repaid to the client.

Krasnyi Pishchevik

Judicial defense of client as customer in disputes with general contractor on quality, volume and cost of works. Advising on termination of relations with general contractor.