Leading the Way in Russian Law






Within dispute resolution practice area Lidings team has developed unique techniques and solutions aimed at protecting the rights and interests of the firm’s clients. These techniques enable us to achieve both maximum satisfaction of creditors’ claims under the bankruptcy procedure and the most efficient finalization of insolvency proceedings for the debtor even while the latter is facing groups of unscrupulous creditors.

In terms of geography, Lidings’ legal support services for bankruptcy procedures cover a large part of the RF territory. We represent clients in major regional centers of the country.

Lidings ‘ legal team has experience in managing the most complex matters and can offer its clients a success strategy. We have experience of a successful bankruptcy involving a group of companies, whereas the transaction was complicated by corporate disputes between the debtor’s members and involved litigation in foreign courts and arbitration tribunals.

In cross-border disputes we engage our foreign partners to work on the project. Lidings coordinates the work of foreign lawyers. In the interests of the client the foreign lawyers prepare opinions on the contents of the foreign law, litigate in foreign courts or submit documents from foreign registration authorities to support the ongoing disputes in Russia.

In the market for distressed assets we cooperate with the best players only (appraisers, the Regional Self-regulation Organization of Professional Arbitration Managers, bid organisers) who have an impeccable reputation.

Our services in supporting bankruptcy:

  • Representation of bankruptcy creditors, current creditors, secured creditors, as well as representatives of the Assembly and Committee of creditors, the arbitration manager, representatives of the debtor company founders and participants
  • Advising both the creditor and the debtor and participation in bankruptcy proceedings at any stages of bankruptcy
  • Proof of debt to the maximum extent, contesting claims of hostile creditors (including those confirmed by judicial decisions)
  • Drafting and filing the petition in bankruptcy, statements on interim measures (injunctions), the application of the simplified procedure
  • Participation in creditors’ and creditor committees meetings, arranging the meetings, compulsion to conduct the meetings
  • Bankruptcy under special rules for: non-profit, credit institutions, developers, strategic enterprises, individuals
  • Tracing the debtor’s property and reclaiming it from illegal possession of the third parties
  • Transparency and control over arbitration managers’ performance, challenging actions/omissions of arbitration managers, contesting the remuneration and fees for outsourced personnel, coercing the arbitration manager to challenge transactions for property withdrawal, recovery of damages from the arbitration manager
  • Prosecution/protection of the debtor’s controlling persons and beneficiaries and imposition of liability on them for the debtor’s debts and losses
  • Challenging/protecting the debtor’s transactions with assets, including those under foreign law
  • Support for transactions involving the purchase of assets in bankruptcy or deals with companies that meet bankruptcy criteriaand conducting rehabilitation procedures for debtor companies

Recent Deals

  • Ingosstrakh ONDD Credit Insurance - Conducting a complex project on reinstatement of the liquidated debtor in the Unified State Register of Legal Entities, protection of interests of good faith creditors, search and recovery of the debtor's assets
  • Largest oil and gas company in Republic of Belarus Belarusneft - Structuring and support of the transaction on international acquisition in bankruptcy proceedings, including usage of tools to protect against hostile blocking
  • Representing a Turkish Bank Garanti in the bankruptcy of a major agro-industrial holding in Krasnodar Region
  • Advising a large Lithuanian bank ŪKIO to resolve the issue of entering into bankruptcy of a major Russian debtor
  • Representation of the Swedish manufacturer of packaging products in bankruptcy cases heard in courts in different Russian regions: initiation of bankruptcy procedure on behalf of the client as well as working with arbitration managers; successful recovery of debts under bankruptcy procedure
  • State bank of Ireland IBRC - Development and implementation of recovery strategies for corporate control over companies and their assets, lost due to fraudulent actions of its management. Protection of the client in hostile bankruptcy in order to return the property worth about USD 3 billion

Legal Advisor
in Russia

Recommended in
All Key Practice Areas

Recommended Firm
for Dispute Resolution
in Russia

Best Life Sciences
Practice in Russia

Best Life Sciences practice,
recommended in corporate 

and M&A, dispute resolution 
in Russia

The Most Visible
Russian Law Firm

Recommended in
Key Practice Areas

Open Partnership: 
an inside look