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EPAM Successful for Transaero Founders in Bankruptcy Dispute

EPAM Successful for Transaero Founders in Bankruptcy Dispute

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Egorov Puginsky Afanasiev & Partners has successfully defended the interests of the founders of Transaero in a dispute over a loan that partially led to the air carrier's bankruptcy proceedings.

According to EPAM, the bankruptcy trustee for Transaero filed a challenge to a loan agreement that resulted in the company receiving RUB 250 million and a claim to recover interest paid.

The Court of Arbitration of Russia's North-Western District found the bankruptcy trustee’s claim that the loan was invalid unfounded and held that the “Transaero leadership team had acted reasonably and in good faith.” As a result, the court rejected the bankruptcy trustee’s claim.

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

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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