News
Kachkin & Partners protected interests of an architectural-design bureau during its client’s bankruptcy process
The bankrupted construction company’s debt to Kachkin & Partners’ client, architectural bureau «A. Len», appeared in 2006. This company was a contractor in construction of St. Petersburg new sea passenger terminal, designed by the specialists of the architectural bureau. The bankruptcy process started in 2010, but the bureau’s participation was only nominal. One of the creditors controlled the bankruptcy process for his own hand.
Corporate and Dispute Resolution team at Kachkin & Partners guided by Kirill Saskov, Partner, managed to organize joint actions of the rest of the creditors and turn events around, prevent the attempts to sell the bankrupt’s property in favor of a presumptively malevolent creditor. Thanks to the specialists’ competent operations the ways of reducing the dominating creditor’s role in the process were found; there had been created a threat to positions of the dominating creditor and a number of affiliated persons included in the register as well. As a result, the debt to the architectural bureau «A. Len» was bought out by one of the creditors, the sum covering the client’s expenses for the legal services.
Kachkin & Partners has been offering legal support to the architectural bureau «A. Len» for several years. The firm’s associates have a track record of winning the «A. Len» disputes with clients and contractors. The legal services also include consultations on the issues of copyright law and commercial contracts.
Reference:
Architectural bureau «A. Len» has been active in the field of architecture and design since 1991. The company’s main activity is the full-service monitoring of complex projects. The tasks range from designing the individual residential projects, administrative and industrial projects to carrying out reconstructions. «A. Len» offers the interior design as well as the general design. The architectural supervision of construction is also carried out.
