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

Debt collection

Implementation of corporate procedures to work with debit debts

Debt collection involving debtor’s liquidation

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$