Moscow, November 20th, 2018 — Lawyers of the BGP Litigation managed to break the position of the first-instance court and the well-established Moscow District Courts of Appeal’s case law, yesterday in the Ninth Arbitration Appeal Court.
Lawyers successfully overturned the Moscow Arbitration Court’s ruling of refusal to invalidate the debtor’s transaction of asset withdrawal in the amount of about 2,6 bln rubles.
Within the frame of the bankruptcy case № А40-59023/2016 of the major Russian shoe retailer «Carlo Pazolini», Lawyers of the BGP Litigation present the interests of the one of the eleven systemically significant banks with the dominant foreign participation, claims of which account for one quarter of the total amount of the creditor’s claims and collateralized.
Lawyers of the BGP Litigation proved that at the moment when the transaction of transferring real estate to the closed unit investment fund was made, the debtor met the criteria for insufficiency of property and as the result of this transaction, creditors suffered damages in such sufficient amount due to the withdrawal of this property from bankruptcy assets.
Project leads counsel Ilya Sorokin, lawyers Elena Kolomiec and Victoria Bogacheva, under the direction of the partner Alexander Vaneev.