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EPAM St. Petersburg Successful for Transaero Founders in Bankruptcy Case

EPAM St. Petersburg Successful for Transaero Founders in Bankruptcy Case

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The St. Petersburg office of Egorov Puginsky Afanasiev & Partners has successfully deflected a claim submitted by the bankruptcy trustee in the Transaero bankruptcy case, which the firm describes as "one of the biggest bankruptcy cases in modern Russian history."

According to EPAM, the firm, representing the airline’s founders, "secured a full dismissal of the bankruptcy trustee’s demand for the return of more than RUB 80 million in dividends paid out to the founders, as well as over RUB 24 million in interest, when the case was heard at the North-Western District Arbitrazh Court."

The EPAM team was led by St. Petersburg Managing Partner Ivan Smirnov and included Counsel Evgeny Gurchenko, Senior Associate Artem Magunov, and Associates Alexander Svashenko, Ays Lidzhanova, and Yulia Sevostyanova.

Image source: www.businessdestinations.com