Bankruptcy and Debt Restructuring

Many clients face a situation where a debtor undergoes liquidation or bankruptcy, its property having been in advance funneled to a subordinated entity. This impedes or even disables debt recovery. 

There are also situations quite to the contrary: where a creditor initiates a groundless bankruptcy procedure in respect of a debtor and endeavours to initiate criminal proceedings against debtor’s officers for an allegedly premeditated bankruptcy, disturbance of compensation of creditor’s losses or for avoidance of satisfaction of accounts payable.

In our portfolio we have a large number of projects involving even non-standard and hard cases, both on the part of creditors (or good faith purchaser of property) and on the part of debtors (debtor’s officers) in courts or in the course of inspections of law enforcement agencies.
 

Our services

Protection creditors’ interests during bankruptcy proceedings

REVERA’s lawyers’ activities in this area comprise assistance to creditors and protection of creditors’ interests in situations involving debtor’s actual or prospective bankruptcy:  

  • Consulting on risk management issues involving economic insolvency (bankruptcy);
  • Representation of creditors in bankruptcy proceedings;
  • Protection from actions by temporary administrators / crisis managers;
  • Representation at creditors’ meetings;
  • other.

 

Learn more

Debt collection

REVERA’s laweys assist clients in:

  • Consulting on prospective debt collection, in particular from foreign trade contracts;
  • Determination of appropriate defense techniques;
  • Preparing documents required to collect debt by way of notary’s executive inscription, writ proceeding or action proceeding;
  • Representation in foreign courts, arbitration proceedings.
Learn more

Implementation of corporate procedures to work with debit debts

REVERA’s lawyers will assist your company in creating and implementing ‘turnkey’ business processes to recover receivables. We will train your employees and prepare all required documents. As a result, you will be able to handle receivables with a comprehensive approach and will save your legal expenses.

Learn more

Debt collection involving debtor’s liquidation

REVERA’s lawyers will render assistance in protecting creditors’ interests in situations involving debtor’s good or bad liquidation:

  • Collecting debt from debtor being wound-up;
  • Consulting on procedures/consequences of rendering a liquidation resolution;
  • Representation of creditors in debtor’s liquidation procedures;
  • Challenging liquidator’s unfair acts;
  • other.
Learn more

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

Cheminova

REVERA’s lawyers protected the rights of a Danish agrochemical corporation seeking to collect a large debt. The dispute was complicated in that a debt transfer agreement had been concluded involving a certain term and initial debtor’s bankruptcy. Therefore our attorneys also represented the client with respect to the voidness of the agreement clause on debt transfer.

A EU company, a leader in producing crop protecting agents

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.

Searching for debtor in Macedonia

Svitanak OJSC: REVERA developed an action strategy to find a missing counterparty from Macedonia and to collect debt under a supply contract.

Recovering 1 mln euros for "Vysoki Zamok"

“Vysoki Zamok” is a major construction company. Our attorneys represented “Vysoki Zamok” as general contractor in a construction dispute with a customer. As a result, a debt of over 1 mln euros was collected in full, as well as currency translation differences.

PromLeasing

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

Show all

Publications

analytical materials

Новый гайд о взыскании дебиторской задолженности

Новый гайд о взыскании дебиторской задолженности news

REVERA law group has opened a legal panel in Uzbekistan

REVERA law group has opened a legal panel in Uzbekistan analytical materials

Overview. Doing Business in Belarus 2023

Overview. Doing Business in Belarus 2023 analytical materials

Bankruptcy or liquidation?

Bankruptcy or liquidation? analytical materials

Company liquidation in the Republic of Belarus: to be, or not to be?

Company liquidation in the Republic of Belarus: to be, or not to be? publications in the media

Closing a business properly: who should get the property

Closing a business properly: who should get the property