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Comprehensive Management of Distressed Assets
2022
We guide our clients to overcome business crises, as we develop a brand-new practice team for distressed asset management.
The crisis phenomena observed in the global and Russian economy in recent years is driving a growth in the volume of distressed assets, which in turn are holding back the recovery and progress of business.
Our firm has highly relevant experience and extensive professional resources to offer our clients in the performance of financial investigations, the search for debtor assets and property all over the world, the contesting of transactions in court, the imposition of interim measures, the recognition and enforcement of decisions entered by the foreign courts, the handling of bankruptcy procedures, and the comprehensive management of distressed assets, with the possible financing of the respective procedures.
Our team has assisted our clients on many occasions, not only with respect to investigating past violations, but also in applying effective methods for identifying risks, as well as developing and implementing systems to prevent fraud and counteract the stripping and concealment of assets.
To work on these complex projects, we assemble a team of specialists from our firm’s other practice areas and also retain outside experts, including international ones. This makes it possible for us to take a highly effective, comprehensive approach to our clients’ needs by leveraging the specialized skills and sector-specific knowledge of our attorneys and business experts.
Professional achievements of the practice area
Services
- Searching for, and analyzing, information in open and specialized databases, accessible registers, social media and the mass media concerning individuals, their friends, family, relatives, and others with the aim of locating assets
- Searching for information with the involvement of investigative specialists, with the aim of tracing assets, uncovering corporate structures, and identifying proxies and nominal directors
- Facilitating the enforcement of decisions by the Russian courts and the levying of execution on located property
- Formulating a strategy for the freezing of assets
- Handling related court processes
- Obtaining court orders for the disclosure of information
- Securing interim measures and the seizure of located assets
- Handling criminal prosecutions
- Securing the enforcement of decisions by the foreign courts
- Initiating litigation and providing court representation
- Securing the seizure of located assets and property
- Returning assets to the ownership of foreclosure subjects, simultaneously slowing or heading off the withdrawal of assets
- Working on the recognition and enforcement of Russian acts in the relevant jurisdictions where assets are found
- Representation in accompanying criminal prosecutions
- Handling property foreclosures and levies of execution in foreign jurisdictions
- Evaluating the financial condition of enterprises
- Providing comprehensive legal support under bankruptcy procedures
- Managing non-core assets
- Creating programs for the reformation and development of enterprises
- Restructuring accounts receivable
- Corporate governance
Team
Partner, Advocate, Head of the Dispute Resolution and International Arbitration Practices