July 5 Main results of the day

The Arbitration Court of the Stavropol Territory, in the framework of a bankruptcy dispute, refused in full to satisfy the debtor’s complaint against all decisions of the first meeting of creditors. In addition to the fact that the complaint is unfounded in essence and, in terms of the specified requirements, it was filed with a twenty-day limitation period missing, the lawyers of the Bureau managed to convince the court of the groundlessness of the debtor’s statement about the falsification of the power of attorney of the representative of the Principal who participated in the contested meeting. In the next session, the results of the observation procedure are considered. Convincing arguments are given that the petitions filed by the debtor to postpone the meeting, to appoint an accounting and financial expertise and to introduce external management are only a continuation of the abuse of the right. The debtor’s new argument about an existing investor who is ready to fully pay off the register of creditors’ claims was also devalued. As a result, the debtor was declared bankrupt, bankruptcy proceedings were opened, and the candidacy of the arbitration manager chosen by the Principal was approved. Thus, the debtor’s abuses, expressed in delaying the introduction of the next bankruptcy procedure and an attempt to impose the right of veto when choosing a candidate for an arbitration manager, bypassing the rules established by law, have been stopped. The interests of the Principal were represented by Roman Volkomorov, lawyer of the Tyumen branch of the Bureau of Lawyers “De jure”.