International bankruptcy procedures

As international relations develop, business more often faces situations when insolvency procedure goes beyond the borders of one country. Bankruptcy can be considered international when there is at least one cross-border element (for example, location of the creditor or the debtor’s property in another country).

Signs of insolvency are often met by entire holding, whose members are located all around the world. At the same time, creditors of companies that are part of this holding have interests in several jurisdictions.

In Russia and in most countries of the world, the principle of equality of foreign and national creditors is fundamental. However, foreign creditors in Russia actually face a number of practical problems, such as informing about the procedure, proper legalization of documents, and others.

That is why foreign creditors often sell their claims to local firms at significant discount.

The situation is similar for Russian companies abroad: due to the need for exequatur, lack of knowledge about the ways of resolving dispute and collecting debts, many firms stop halfway and do not receive their rightful funds.

VALEN will help to assess prospects for international bankruptcy and debt collection as well as represent foreign company’s interests in bankruptcy case, thereby minimizing possible losses.

Lawyers

Andrey Toryannikov
Attorney at law, Counsel
Kirill Chemlaev
Senior Lawyer
Alexander Krylov
Lawyer
Roman Solodukhin
Lawyer
Valeria Zakharova
Lawyer
Maxim Verbov
Lawyer
Andrey Toryannikov
Attorney at law, Counsel

Two degrees in Lomonosov Moscow State University. Faculties of Law and Philology.

1996 – obtained status of attorney

Foreign Languages: English

Specialist in the field of legal representation, corporate conflict resolution, structuring and support of transactions for the acquisition of business, as well as defense / representation in the framework of criminal prosecution

Since 1994 – more than 150 publications in the Russian newspapers and magazines

Since 2019 – senior lawyer at VALEN

Все специалисты
Kirill Chemlaev
Senior Lawyer

Law degree in Kutafin Moscow State Law University (MSAL)

Foreign Languages: English

Since 2018 – Lawyer at VALEN

Все специалисты
Alexander Krylov
Lawyer

Law degree in Lomonosov Moscow State University, 2014

Postgraduate education diploma in Institute of Legislation and Comparative Law under the Government of the Russian Federation, 2017

Foreign Languages: English, German, Spanish, Portuguese

Since 2014 – practice in obtaining and collecting of low liquid debts, in bankruptcy procedures of legal entities and litigation in commercial and regular courts

Since 2020 – lawyer at VALEN

Все специалисты
Roman Solodukhin
Lawyer

Law degrees in the Institute of International Trade and Law; Russian Foreign Trade Academy

Foreign languages: English, Spanish.

Since 2010 – legal experience in public authorities (Moscow tax office, Intellectual Property Court), Moscow notary office, Russian law firms.

Since 2019 – Lawyer at VALEN

Все специалисты
Valeria Zakharova
Lawyer

Russian Foreign Trade Academy (LLB), 2017 Faculty – international law

University of Westminster (LLM), 2018 Faculty – corporate finance law

Foreign Languages: English, Spanish

Internships in public authorities (District Court, Russian Financial Intelligence Unit; English and Swiss law firms (Diacle Ltd, Froriep LLP)

Since 2019 – lawyer at VALEN

Все специалисты
Maxim Verbov
Lawyer

Education: Russian Foreign Trade Academy, International law faculty

Languages: English, French

Since 2020 – Lawyer at VALEN

Все специалисты

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