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Where is the bankruptcy market going in Russia?

Thursday, 17 May
08:15 - 10:00

Italian Patio, General Staff Building (6-8, Dvortsovaya sq.)

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The number of bankruptcies in Russia will grow. Strengthen the number of bankruptcies can instability in the financial market and a new round of sanctions policy, but also socio-political factors such as cheap mortgages and even fighting corruption.  The explosive growth in mortgage lending can result in numerous personal bankruptcies: if last year there were about 40,000 bankruptcies, then this year more than 60,000 are expected. Criminal prosecution of "white-collar workers" will also increase the number of bankruptcies.

Despite the numerous legislative initiatives in the field of bankruptcy, the desire to tighten the responsibility for criminal bankruptcies, to strengthen the personal responsibility of business owners and top managers, the state has not yet determined the strategy. What is more important - sanation or liquidation of the debtor? Whom to defend first of all - the debtor or the creditor? How justified are special rules for banks that are both debtors and creditors? Should the state have priority in recovering from a citizen a criminal fine, leaving behind private creditors? What is the risk of a chain reaction, when the insolvency of one debtor is dragged to the bottom of its counterparties, or when a citizen who has not been freed from debt will fall into bankruptcy again and again. The experience of law firms dealing with bankruptcy practice can help answer these questions. The scope of services to support bankruptcy procedures is constantly growing, and with it the qualifications of lawyers who provide these services. Business breakfast will bring together leading practitioners in this field.

 

Topics to be discussed:

  • What does the bankruptcy law and the bankruptcy market expect in the near future? How will separate segments of the market behave?
  • In which direction is going the market of criminal bankruptcies? How will the strengthening of measures of subsidiary liability affect the market?
  • How can the "cheap mortgage" affect the number of bankruptcies of individuals, will this affect the financial stability of banks?
  • Is a successful sanation in the non-banking sector possible (without government support)?
  • What interesting cases enriched court practice in bankruptcy cases?
  • What competencies do legal firms need to become leaders in the market of legal support for bankruptcy procedures

 

Moderator:

Valery Eremenko, Partner, Egorov Puginsky Afanasiev & Partners

 

Participants:

Anton Avazhanskiy, Senior Director, Alvarez & Marsal CIS LLP

Evgeny Akimov, Managing Director, Head of the Forced Recovery and Bankruptcy Department, Sberbank

Vladimir Bublikov, Partner, Legal firm "RCT"

Pavel Boulatov, Counsel, law firm White & Case

Alexei Evgenev, Managing Director, Alvarez & Marsal CIS LLP

Aleksey Karpenko, Senior Partner, Forward Legal

Sergey Kovalev, Managing Partner, Kovalev Tugushi & Partners

Konstantin Kolpakov, expert

Artem Kukin, Managing Partner, Infralex Attorneys at Law

Vladimir Nazarenko, Director of the Department of Legal Protection, VEB

Eduard Olevinskiy, Chairman, "Olevinsky, Buyukyan & Partners" Legal Affairs

Denis Puchkov, Managing Partner, Puchkov & Partners

Yuliy Tay, Managing partner, "Bartolius" Law office


* The Programme may be subject to change