Russia - Restructuring/Insolvency: Litigation Lawyers & Law Firms - Europe - Chambers and Partners
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Europe Guide

Restructuring/Insolvency: Litigation — Russia


ALRUD Law Firm - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Well-balanced practice group advising clients on both debt restructuring and litigation matters. Practical expertise in representing both creditors and debtors. Instructed by clients on bankruptcy litigation cases. Also acts for high net worth individuals.

Strengths Sources appreciate the team's proactive and pragmatic approach. "They always seek to offer the most effective solutions and are a few steps ahead of the opponents," a client says.

Interviewees also praise the lawyers' availability and strong communication skills.

Work highlights Advised Maykor on the restructuring of its significant debt that included attracting a new investor, Rostelecom.

Represented Gazpromneft in bankruptcy proceedings of a customs broker in an attempt to recover a large customs overpayment.

Notable practitioners

Sergey Petrachkov is recognised for his activity in bankruptcy and restructuring matters. "We were informed about everything," a client says, also describing him as "confident and patient."

About the Team (content provided by ALRUD Law Firm)

Restructuring and Insolvency Team of ALRUD has a unique experience in all types of distressed situations. High profile and complex restructuring and insolvency matters are one of the primary focuses of the firm with a team of attorneys who have wide experience both in restructuring and insolvency matters. We represent creditors and debtors in corporate restructuring and complex bankruptcy cases administered by courts, as well as creditors and receivers in bankruptcy-related disputes such as challenging transactions and recovery of damages from directors and shareholders. We also coordinate work of criminal lawyers in supportive criminal investigations.

Restructuring and Insolvency team assists mainly foreign clients from such diverse industries as Energy, Oil&Gas, automotive, retain and financial services.

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Baker McKenzie - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Strong bankruptcy litigation practice, representing creditors, borrowers and insolvency administrators in contentious cross-border and local mandates. Also assists with debt collection. Experienced in handling cases relating to the construction sector among an array of other industries.

Work highlights Represented Bofill Arquitectura in the bankruptcy proceedings of Minora Life.

Acted for Elliott Turbomachinery on the bankruptcy proceedings of Premium Engineering.

Notable practitioners

Edward Bekeschenko is a well-regarded dispute resolution lawyer often representing clients in bankruptcy proceedings. Sources describe him as a "very good litigator."

About the Team (content provided by Baker McKenzie)

Baker McKenzie Russia Restructuring and Insolvency Team has:
  • long-standing (over 20 years) experience in handling bankruptcy disputes under various versions of the Bankruptcy Law;
  • experience of working with bankruptcy managers and know the peculiarities of their work;
  • experience of handling claims that have been bifurcated and considered in a separate procedure.

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Bartolius Law Firm - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Entering the rankings this year, this disputes boutique has a focus on dispute resolution in bankruptcy and insolvency proceedings. Advises both creditors and debtors on recovery claims and other insolvency-related issues. Regularly represents clients before the Supreme Court.

Strengths Clients praise the team's efficiency and detailed approach, with a source saying that the "practitioners achieve the desired objectives in an ultimately efficient way."

Work highlights Represented an insolvency practitioner as a creditor in Zernoprodukt's bankruptcy in a case regarding the creditor's inclusion on the current creditor list, which progressed all way to the Supreme Court.

Notable practitioners

Yuliy Tay is a long-standing dispute resolution lawyer with significant practical expertise in bankruptcy litigation. Peers recognise his strong reputation as well as regular involvement in Supreme Court cases.

About the Team (content provided by Bartolius Law Firm)

Department profile not yet provided by Bartolius Law Firm. Please see their firm profile.

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BGP Litigation - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Russian litigation boutique that is active on domestic insolvency cases and also assists with international bankruptcy proceedings. Represents clientele in the insurance, real estate, banking and oil and gas industries.

Work highlights Represented Gazprom Neft as creditor in the insolvency of a customs broker, Service Terminal, that involved multiple cases, including in Russian regions.

Acted for SOGAZ on the insolvency proceeding of Vneshprombank with claims valued at RUB1.5 billion.

Notable practitioners

Alexander Vaneev is a well-respected disputes lawyer with a focus on bankruptcy cases.

About the Team (content provided by BGP Litigation)

Department profile not yet provided by BGP Litigation. Please see their firm profile.

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Bryan Cave Leighton Paisner (Russia) LLP - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Represents both creditors and debtors in debt restructuring and insolvency-related litigation matters. Active in debt recovery cases. Also represents many local and international companies as creditors and acts for private individuals on secondary liability cases. Particularly active in the automotive sector of late.

Strengths Clients like the team's project management skills and responsiveness, noting that they are "always on time and always follow deadlines."

Work highlights Represented Toyota Bank in the debt recovery proceeding against its dealer Avto-Dream and its guarantors.

Represented a shareholder of Mechel, Mr Zyuzin, who faces a possible personal liability of RUB15 billion on the basis of allegations that he could have influenced management decisions at Gurievsky Metallurgic Plant, a business partner of Mechel.

Notable practitioners

Oleg Khokhlov is a key contact for clients.

About the Team (content provided by Bryan Cave Leighton Paisner (Russia) LLP)

  • We are one of few international law firms in Russia able to offer its clients the full range of legal services on restructuring, insolvency and bankruptcy, including cross-border bankruptcy.
  • Our bankruptcy group has unique experience in supporting clients at any stage: from advising on particular issues to rendering comprehensive legal support for all bankruptcy procedures. Moreover, we provide our clients with professional services of the highest quality, irrespective of their type and scope.
  • Having leading specialists in different branches of Russian law (including tax, real estate, corporate governance, criminal law and proceedings, etc.), we are able to provide overall legal support on all issues arising from both debt enforcement and bankruptcy procedures.
  • Extensive experience in supporting company bankruptcy procedures in different sectors.
  • Wide experience in cooperating with professional court-appointed administrators (insolvency officers) whom we may recommend to our clients for conducting relevant procedures in accordance with the law.
  • We hold a strong position on the Russian market and are able to represent clients throughout Russia: in contrast to many of our competitors, we have a full range of capabilities, resources and experience for acting for our clients before supervisory, law-enforcement and other agencies in virtually all parts of Russia, from Kaliningrad to Sakhalin.

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CMS - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for New to the rankings, this well-balanced team of litigation and finance lawyers advises both domestic financial institutions as well as international banks on restructuring and insolvency matters. Experienced in representing clients in cross-border transactions.

Strengths Clients appreciate the team for its quick and specific advice, with a client praising the lawyers' "understanding of court practice in Russia" as well as their astuteness in "defining defence strategy and tactics."

Work highlights Advised Santen on the EUR3.6 million debt restructuring of SIA International, which included court proceedings.

Notable practitioners

Konstantin Baranov is a key contact to clients.

About the Team (content provided by CMS)

Department profile not yet provided by CMS. Please see their firm profile.

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Egorov Puginsky Afanasiev & Partners - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Offers the benefits of a very large disputes team combined with excellent expertise in bankruptcy-related litigation. Mostly represents creditors in bankruptcy cases. Additionally acts for high-profile borrowers, and also instructed by high net worth individuals.

Strengths Market sources readily recognise the team's prominence in contentious matters, with a source describing the group as "one of the strongest teams in bankruptcy litigation."

Work highlights Defended Konstantin Grigorishin from a claim of subsidiary liability for the debts of a bankrupt company brought by tax authorities and valued at RUB2.8 billion.

Notable practitioners

Valery Eremenko is a well-known disputes lawyer who also regularly acts on complex insolvency proceedings. "He can handle very difficult cases and make them look simple to his clients," a source reports.

About the Team (content provided by Egorov Puginsky Afanasiev & Partners)

Department profile not yet provided by Egorov Puginsky Afanasiev & Partners. Please see their firm profile.

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Hogan Lovells (CIS) - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Notable practice known for representing creditors in contentious matters. Active in debt recovery cases, including asset tracing. Also acts for clients on debt restructuring projects.

Strengths Clients appreciate the team's business-friendly approach, and one says the lawyers are "very good at taking into account Russian realities" in addition to being very responsive and always on time.

Work highlights Continues to represent Deposit Insurance Agency in a dispute with Mr Pugachev involving insolvency and asset-tracing matters that is ongoing in multiple jurisdictions and is valued at USD2 billion.

Notable practitioners

Alexei Dudko is an experienced disputes lawyer advising clients on a range of restructuring and insolvency matters, with a focus on asset tracing as well as representation of clients in bankruptcy proceedings.

About the Team (content provided by Hogan Lovells (CIS))

Department profile not yet provided by Hogan Lovells (CIS). Please see their firm profile.

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Khrenov and Partners - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Established dispute resolution-focused firm offering support to clients in bankruptcy proceedings, securing recovery of assets and enforcing claims as well as disputing debt and liability claims. Advises on transactions involving confiscation of property. Represents domestic utility and power distribution companies as well as banks.

Strengths A client describes the team as "business-oriented and proactive."

Work highlights Represented Sberbank in a cassation claim disputing its qualification as a third-order creditor in Stolichny Jewellery Factory's insolvency in regard to a large-value debt.

Represented Astek as a creditor in the bankruptcy proceeding of Zhilishchny Kapital.

Notable practitioners

Igor Nikolaenko is a key contact for clients.

About the Team (content provided by Khrenov and Partners)

Department profile not yet provided by Khrenov and Partners. Please see their firm profile.

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KIAP - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Well regarded for its disputes capacity, including bankruptcy litigation. Acts for creditors and borrowers. Represents international clients in Russian bankruptcy proceedings and also assists local companies.

Strengths Sources like the firm's practical approach, with a client saying that the team "understands the practice of applying the bankruptcy law," and adding that the lawyers are "able to offer the best and most effective business solution to the problem."

Work highlights Represented Dutch company Vesuvius in the case of debt recovery of EUR865,000 from Chelyabinsk metallurgical factory, which included an arbitration and initiation of bankruptcy proceedings.

Notable practitioners

Andrey Korelskiy is a key contact for clients.

About the Team (content provided by KIAP)

The practice represents the interests of lenders in relations with insolvency officers, represents client’s interests in arbitration courts, provides services in supporting the procedure of inclusion into the lenders’ registry, contesting illegal actions by insolvency officers and debtor’s invalid transactions. The practice is recommended by Chambers Europe international legal ranking, as well as by Russia's Pravo.Ru-300. Among its clients are biggest Russian and international holdings and organizations. 

Contact Name: Andrey Korelskiy, Managing partner 
Tel: +7 495 660 4909 Email: [email protected] 

KIAP Bankruptcy practice provides comprehensive support of the following bankruptcy proceedings:

  • Representation of lenders in relations with insolvency officers
  • Representation in arbitration courts
  • Supporting the procedure of inclusion into the lenders’ registry
  • Contesting illegal actions by insolvency officers and debtor’s invalid transactions
  • Collecting debt liquidity information on debtors, their affiliates and parent companies
  • Representing insolvency officers, including arranging lenders meetings and lenders committee meetings, representing insolvency officers in court, liaison with self-regulated organizations of insolvency officers
  • Developing various debt restructuring formats, arranging amicable settlements during bankruptcy proceedings
  • Legal support of criminal investigation of bad faith debtors’ activities and representing lenders in criminal proceedings

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KK&P (Kulkov, Kolotilov and Partners) - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Relatively new litigation boutique with a growing presence in bankruptcy proceedings and insolvency matters. Advises clients on debt recovery, asset tracing and enforcement proceedings against debtors. Often handles cases involving multiple hearings. Represents banks and companies as creditors in contentious matters. Particularly active in the real estate, retail and oil and gas sectors.

Strengths Clients highlight the team's case management skills, with a source saying: "They do an excellent job of managing a large number of proceedings, and are always responsive and cognisant of the client’s concerns."

Sources emphasise flexible working patterns and efficient communication as key strengths of the firm. "They always can work long hours if needed," a source says.

Work highlights Advised Gazpromneft-Aero on high-stakes disputes relating to the insolvency of Transaero, which included challenging claims of finance leasing companies.

Represented GALA-FORM, Asset Finance and Raiffeisen Bank in the insolvency proceedings of Enisey as well as NGK Razvitiye Regionov.

Notable practitioners

Maxim Kulkov is a key contact for clients.

About the Team (content provided by KK&P (Kulkov, Kolotilov and Partners))

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Monastyrsky, Zyuba, Stepanov & Partners - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Highly respected litigation-focused firm with notable expertise in handling insolvency cases. Represents banks and corporate clients in complex bankruptcy proceedings often involving issues of secondary liability and debt recovery.

Strengths Interviewees note the team's practical knowledge of this area of law, with a client saying: "They help to build a strategy, they help to analyse the situation," while another source states: "Their technical knowledge of all the legal intricacies of Russian legislation is unbeatable and at the same time they were able to explain everything to us."

Work highlights Represented Prodimex in the insolvency proceeding of Ivolga-Center and Sakhar Zolotukhino.

Notable practitioners

Anton Aleksandrov represents both creditors and borrowers in significant insolvency matters. "He kept us up to date on the complex process we faced," a client says, adding that he was "helpful in making educated decisions."

About the Team (content provided by Monastyrsky, Zyuba, Stepanov & Partners)

Department profile not yet provided by Monastyrsky, Zyuba, Stepanov & Partners. Please see their firm profile.

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Olevinsky, Buyukyan and Partners - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for A team at a local Russian firm advising clients on bankruptcy matters, as well as providing representation in insolvency litigation. Advises creditors, including acting for the state-owned Deposit Insurance Agency, as well as creditor companies. Also represents banks in their own insolvency proceedings. Has offices in several Russian regions.

Strengths Sources note the firm's understanding of the market as well as its quick service. "They understand Russian realities very well," a client says, adding: "They are quite fast and answer our enquiries on time."

Another source notes that "they are capable of finding a solution to unorthodox questions."

Work highlights Advised Regionalnyy Bank Razvitiya on its bankruptcy proceedings.

Acted for RUSNANO on the bankruptcy of its subsidiary Energy Solutions.

Notable practitioners

Edward Olevinsky is a key contact for clients.

About the Team (content provided by Olevinsky, Buyukyan and Partners)

Department profile not yet provided by Olevinsky, Buyukyan and Partners. Please see their firm profile.

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Pavlova & Partners - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Entering the rankings this year, the firm has a focus on bankruptcy litigation. Represents both debtors and creditors. Industries include chemicals, travel and leisure companies. Also instructed by private individuals.

Strengths Clients note the firm's experience in the area of practice as well as its offering of client-tailored solutions.

Work highlights Advised Tverskaya Fuel Association on the bankruptcy of the group's four companies, including representation in court.

Represented BTA Bank as a creditor in the bankruptcy of Rusneftekhim.

Notable practitioners

Sergey Levichev is a key contact for clients.

About the Team (content provided by Pavlova & Partners)

Department profile not yet provided by Pavlova & Partners. Please see their firm profile.

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Pepeliaev Group - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Well-reputed domestic team of litigation specialists also active in bankruptcy matters. Advises both domestic and international companies on insolvency-related risks and represents them in contentious matters. Benefits from its stellar tax practice.

Strengths Clients value the team for its effective communication and clear risk-analysis, with a client saying that their legal opinions are presented in "a very clear and concise way."

Work highlights Represented Rietumu Banka in initiating bankruptcies of its insolvent Russian borrowers.

Represented ALROSA as a creditor in a number of proceedings relating to debt settlement involving nine interrelated bankruptcy cases.

Notable practitioners

Department head Yulia Litovtseva is a specialist in bankruptcy law advising domestic and international clients on contentious matters as well as due diligence and compliance. Clients praise her for being "easy to communicate with," adding that Litovtseva is "a good orator and negotiator."

About the Team (content provided by Pepeliaev Group)

The practice handles over 80 projects annually, safeguarding the interests of any party involved in insolvency proceedings. In addition to projects in Russia, we also provide legal support in cross-border proceedings, when a debtor and its assets (or creditors) are located in different jurisdictions. Having professional lawyers involved in the process is crucial, for there is almost no regulation of bankruptcy proceedings involving a foreign element at the national level. 

One of the key advantages of Pepeliaev Group is the ability to engage other practice groups of the firm to work on projects to solve complex business tasks and take into account the operational specifics of the client and its debtor counterparties. 

The lawyers of the practice have helped to preserve transactions and assets worth about $ 205m.

Our services

    • Support for and preliminary assessment of risks associated with transactions involving companies showing signs of insolvency
    • Legal support during auctioning of assets sold in bankruptcy
    • Debt restructuring
    • Improving a business structure
    • Assessing a company’s compliance risks and drawing up recommendations for organising corporate procedures applicable to the requirements of insolvency legislation and the associated liability for non-compliance
    • Legal support when there is a risk of a corporate takeover using the bankruptcy mechanism


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RCT LLC - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Represents creditors and insolvency administrators in insolvency and bankruptcy proceedings. Often acts for banks on debt recovery and bankruptcies. Also represents debtors.

Strengths Sources confirm that the firm is well recognised in the field and has experience in handling cases from perspectives of multiple parties.

Work highlights Represented FRIR Rus regarding a high-value debt of FinEx Active, including bankruptcy proceedings.

Notable practitioners

Vladimir Bublikov is a key contact for clients.

About the Team (content provided by RCT LLC)

Department profile not yet provided by RCT LLC. Please see their firm profile.

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Yakovlev & Partners - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Well-regarded domestic bankruptcy litigation practice representing both creditors and debtors. Often instructed by the Deposit Insurance Agency. Involved in cross-border matters that include the recovery of assets. The firm has a number of offices in Russia's regions.

Strengths Peers recognise the firm's presence in bankruptcy litigation.

Notable practitioners

Maya Chudutova heads the practice and is recognised for her work in bankruptcy and debt collection cases.

About the Team (content provided by Yakovlev & Partners)

Department profile not yet provided by Yakovlev & Partners. Please see their firm profile.

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Yukov & Partners, LLP - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Well-regarded team specifically known in the sphere of bankruptcy litigation. Often instructed by the Deposit Insurance Agency in relation to liquidation and bankruptcy cases. Also active in asset recovery. Represents both creditors and debtors.

Strengths Commentators particularly value the team for its understanding of clients' interests and timely support.

Work highlights Represented Loral Space & Communication as creditor in the bankruptcy proceedings of GlobalTel.

Notable practitioners

Andrey Yukov is a key contact for clients.

About the Team (content provided by Yukov & Partners, LLP)

Department profile not yet provided by Yukov & Partners, LLP. Please see their firm profile.

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YUST Law Firm - Restructuring/Insolvency Department

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Chambers Commentary (based on the Chambers research)

What the team is known for Recognised for involvement in bankruptcy-related litigation, often representing the state-owned Deposit Insurance Agency. Acts for creditors and borrowers as well as private individuals. Also involved in pre-bankruptcy proceedings offering assistance with claims against clients' debtors.

Strengths Clients appreciate they "always follow deadlines and give high-quality advice."

Work highlights Represented First Transport in its bankruptcy proceedings, which involved defending the client against a large-value claim of its key creditor, Vnesheconombank.

Notable practitioners

Alexander Bolomatov is a key contact for clients.

About the Team (content provided by YUST Law Firm)

Department profile not yet provided by YUST Law Firm. Please see their firm profile.

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Band 2

Edward Bekeschenko

Baker McKenzie

From the Chambers Europe guide

Edward Bekeschenko is a well-regarded dispute resolution lawyer often representing clients in bankruptcy proceedings. Sources describe him as a "very good litigator."

^ See whole ranking table

Band 2

Egorov Puginsky Afanasiev & Partners

From the Chambers Europe guide

Valery Eremenko is a well-known disputes lawyer who also regularly acts on complex insolvency proceedings. "He can handle very difficult cases and make them look simple to his clients," a source reports.

^ See whole ranking table

Band 3

Anton Aleksandrov

Monastyrsky, Zyuba, Stepanov & Partners

From the Chambers Europe guide

Anton Aleksandrov represents both creditors and borrowers in significant insolvency matters. "He kept us up to date on the complex process we faced," a client says, adding that he was "helpful in making educated decisions."

^ See whole ranking table

Band 3

Hogan Lovells (CIS)

From the Chambers Europe guide

Alexei Dudko is an experienced disputes lawyer advising clients on a range of restructuring and insolvency matters, with a focus on asset tracing as well as representation of clients in bankruptcy proceedings.

^ See whole ranking table

Band 3

Bartolius Law Firm

From the Chambers Europe guide

Yuliy Tay is a long-standing dispute resolution lawyer with significant practical expertise in bankruptcy litigation. Peers recognise his strong reputation as well as regular involvement in Supreme Court cases.

^ See whole ranking table

Band 3

BGP Litigation

From the Chambers Europe guide

Alexander Vaneev is a well-respected disputes lawyer with a focus on bankruptcy cases.

^ See whole ranking table

Band 4

Pepeliaev Group

From the Chambers Europe guide

Department head Yulia Litovtseva is a specialist in bankruptcy law advising domestic and international clients on contentious matters as well as due diligence and compliance. Clients praise her for being "easy to communicate with," adding that Litovtseva is "a good orator and negotiator."

^ See whole ranking table

Band 4

Fedor Vyacheslavov

VLawyers Law Firm

From the Chambers Europe guide

Fedor Vyacheslavov of Vlawyers is a well-regarded litigator also involved in bankruptcy matters.

^ See whole ranking table

Up and Coming

Yakovlev & Partners

From the Chambers Europe guide

Maya Chudutova heads the practice and is recognised for her work in bankruptcy and debt collection cases.

^ See whole ranking table