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Kachkin & Partners Successful for Former JSC Mostostroy No. 6 CEO in Subsidiary Liability Dispute

Kachkin & Partners Successful for Former JSC Mostostroy No. 6 CEO in Subsidiary Liability Dispute

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Kachkin & Partners has successfully represented Anton Vladimirovich Novikov, a former top manager and a JSC Mostostroy No. 6 board of directors member, in a dispute valued at RUB 7 billion.

According to Kachkin & Partners, JSC Mostostroy No. 6 was declared bankrupt in March 2016, and the firm represented Novikov's interests in a dispute concerning the imposition of subsidiary responsibility. According to the firm, “14 senior managers of the company were claimed as defendants together with Anton Novikov, [and] our client was accused of executing transactions that creditors and the insolvency representative considered unprofitable, as well as of refusing to initiate bankruptcy proceedings.”

In May 2019, Kachkin & Partners successfully argued that the appellate court's decision imposing subsidiary responsibility should be overturned, and the case was remanded for further consideration. According to the firm, "in addition to the request of subsidiary responsibility imposition, the Court requested restitution in the sum of more than RUB 1 billion to our client and another former top manager and the liquidator." Finally, according to the firm, "As a result, on January 25, 2021, more than a year and a half after the case was returned from the court of cassation, the Arbitration Court of the Moscow Region completed the trial and refused to bring Mr. Novikov to responsibility.”

Kachkin & Partners’ team included Partner Kirill Saskov and Attorney Alexandra Ulezko.

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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