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Lidings announces the launch of its new bankruptcy and restructuring practice

Lidings law firm proudly announces the launch of a new practice area: Bankruptcy and Restructuring. The practice consolidates the firm’s existing expertise in providing legal support during bankruptcy procedures conducted within the scope of dispute resolution. The new area is being headed by Lidings’ Partner Stepan Guzey, whose activities are focused on managing major projects in the area of restructuring, insolvency and bankruptcy.

“Over the course of many years our team has developed unique methods and solutions for protecting the rights and interests of our clients, which make it possible to achieve both the maximum satisfaction of creditor claims during bankruptcy procedures, as well as the most effective conclusion of insolvency procedures for the debtor. This is why spinning the insolvency and bankruptcy practice off as a separate area represents a natural and organic step in the firm’s ongoing development. We are confident that the productive work of specialists from different streams within the framework of the new practice area will only serve to bolster the firm’s already-impressive positions in matters involving corporate bankruptcy and restructuring,” says Stepan Guzey. “Today’s economic situation is continuing to present business with new challenges, and we are prepared, in the context of various legal and economic conditions, to accept these challenges and to provide our clients with top-notch services,” he adds.

The practice’s team of attorneys has considerable experience handling the most complex projects and can offer clients the strategy they need to succeed in them. The firm has expertise in the successful bankruptcy of groups of companies complicated by corporate disputes among the debtor’s participants and accompanied by proceedings in foreign courts and arbitration tribunals. Particularly noteworthy among the firm’s representative projects is the legal support that it provided in the bankruptcy case involving the major Irish state bank IBRC and the successful recognition of a key decision by the Supreme Court of Northern Ireland in the Russian Federation (more details on the case are available here).

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