Restructuring and Insolvency

Restructuring and Insolvency

About
Experience
Rankings and Awards

ALRUD Restructuring and Insolvency practice is one of the largest and widely recognized teams on the Russian market. Our long-standing experience and unique knowledge allow us to carry out complex out-of-court restructuring projects and bankruptcy cases in Russian courts. We successfully provide comprehensive management of bankruptcy procedures and consult on specific bankruptcy-related issues.

Appreciating the difficulties that the international corporations and their Russian-based subsidiaries may experience, ALRUD is well placed to offer services specifically-tailored to the issues of restructuring and cross-border insolvency proceedings designed to minimize the possible risks and ensure a successful recovery from crisis. This requires a deep expertise in bankruptcy law, which remains one of the most complex industries with many litigation issues.

Our clients include leading Russian and international corporations – banks and financial institutions, investment funds, vehicle manufacturers, retail, energy, IT and logistic companies. We have gained substantial experience of working on the side of creditors and debtors both in general support of the cases, and on the side of other interested parties in the disputes on challenging transactions, bringing to subsidiary liability, etc. This gives us an opportunity to have a bird's-eye view on the whole situation and offer the most effective and suitable solution for each particular case.

All members of our team have versatile expertise, as well as narrow focus on one or another type of disputes. The size of the team allows us to provide a wide scope of services, and also makes it possible to take into account individual requests of our clients and form a team of lawyers with the necessary knowledge and experience for each particular case.

All associates of the Practice speak English and can adivse foreign clients on the professional level.

Our services

  • Legal support in debt restructuring procedures and work with distressed assets, including capital restructuring, problem lending and security transactions, changes in the composition of creditors and cross-border restructuring issues.
  • General support of bankruptcy procedures on the side of creditors and debtors.
  • Representation in the framework of processes for challenging the debtor's transactions, disputes on bringing controlling persons to subsidiary liability and recovering losses.
  • Representation in parallel proceedings on the territory of Russia and in foreign jurisdictions.
  • Preparation of legal opinions on Russian bankruptcy law for foreign courts and arbitration.
  • Criminal support for insolvency disputes.

Highlights of recent domestic and international work

A major state bank

on the bankruptcy risks of challenging transactions related to debt restructuring as part of a multibillion-dollar international infrastructure project in the Far East.

Mechel group

on sale of part of assets to Gazprombank, which included OAO Elgaugol, OOO Mechel Trans Vostok, OOO Elga-Doroga, in terms of the global restructuring of Mechel's obligations to a group of creditor banks. The proceeds from the accompanied transaction (34.3 billion rubles) were used to repay the group's debt to creditors.

The Russian financial corporation of Otkritie Group

on the sale of an asset in the context of mitigating the risks of challenging transactions in case of bankruptcy of either party to the transaction or their parent companies.

A major Chinese manufacturer of high-tech equipment

in a series of disputes related to debt collection and subsequent bankruptcy of a Russian lessee involving challenging of various transactions and disputes on liability of the bad-faith debtor’s beneficiaries.

One of the nuclear fuel companies of Rosatom State Corporation

in the bankruptcy case of a large machine-building factory in Chelyabinsk region and in more than 15 interrelated disputes on challenging transactions in arbitrazh courts and courts of general jurisdiction.

One of the leading oil and gas companies in Russia

in a dispute over the recovery of overpaid customs payments and the subsequent bankruptcy case of a Russian customs broker with claims exceeding 10 billion rubles.

A well-known international trader

in disputes on claims of the State Corporation Deposit Insurance Agency on invalidating a number of transactions in the bankruptcy case of a credit organization.

A leading private equity fund and its top management

in several interrelated disputes over their subsidiary liability due to failure of the investment project in the area of construction equipment.

A Board member

in a broadly media-covered subsidiary liability dispute in respect of the participant in the “Ural Gazprom” program.

One of the largest lenders of the Antipinsky Oil Refinery

on the issues of Russian bankruptcy law in the framework of arbitration proceedings in the LCIA for debt recovery for the subsequent bankruptcy case.

The oldest Russian private bank

on the issues of Russian bankruptcy law in connection with a debt recovery dispute brought against a Russian insolvent debtor in a Belgian court.

A major international investment bank

in a dispute on challenging transactions worth more than $155 mln in a claim by a creditor of a Russian bankrupt bank filed outside of the bankruptcy case to circumvent the jurisdiction of the English courts.

Rankings and Awards

ALRUD experts have confirmed their leading positions in the Best Lawyers ranking

Best Lawyers, one of the most authoritative international legal ratings, has just published the results of the Russian legal market 2022 study. Its ra...

ALRUD took leading position in The Legal 500 EMEA 2021 rating

The Legal 500 EMEA, one of the most influential international legal ratings, published the results of its regular analysis. In total, in 2021 ALRUD La...

ALRUD remains being the leading Russian law firm in Chambers Europe 2021 rating

The worldwide-known international rating agency Chambers and Partners has published the result of the annual European rating of leading law firms – Ch...

ALRUD strengthens its positions in the international ranking IFLR1000

ALRUD has once again taken high positions in M&A, Banking, Capital Markets, Restructuring and Insolvency, Project Finance and Project Development ...

ALRUD experts hold leading positions in the Best Lawyers rating

Best Lawyers – one of the most authoritative international legal ratings – has published the results of the Russian legal market research 2021. The ra...

ALRUD took leading position in the Legal 500 EMEA 2020 rating

On April 15, Legal 500, one of the most influential international legal ratings, published the results of its regular analysis. In total, ALRUD Law Fi...

ALRUD ranked by Chambers Europe 2020

The international, legal-ranking Chambers and Partners has published the results of the annual European rating of leading law firms – Chambers Europe ...

ALRUD ranked by Chambers Europe 2019

On March 12, 2019 worldwide-known international rating agency Chambers and Partners has published the results of the Chambers Europe 2018 research. AL...

ALRUD in IFLR1000 rating

The results of annual researching project IFLR1000 «Financial and Corporate» were published. This rating confirms that Law Firm ALRUD continues to tak...

ALRUD took leading position in the Legal 500 EMEA 2019 rating

On April 10, Legal 500, one of the most influential international legal ratings, published the results of its regular analysis. Annually, the agency a...

ALRUD positions in the Best Lawyers 2020 rating

Best Lawyers, the oldest and most respected guide to the legal profession, announced the 11th Edition of The Best Lawyers in Russia on 24th May 2019. ...

ALRUD in IFLR1000 rating

The results of annual researching project IFLR1000 «Financial and Corporate» were published. This rating confirms that Law Firm ALRUD continues to tak...

Best Lawyers 2019 recognized ALRUD experts

Best Lawyers, the oldest and most respected guide to the legal profession, announced the 10th Edition of The Best Lawyers in Russia on 27 June 2018. A...

ALRUD ranked by Chambers Europe 2018

On March 8, 2018 worldwide-known international rating agency Chambers and Partners has published the results of the Chambers Europe 2017 research. ALR...

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