Protecting a Foreign Consulting Company’s Interests in a Dispute with a Logistics Company

The law firm’s lawyers represented the interests of a foreign consulting company in a cash recovery dispute with a Chelyabinsk logistics company and successfully deployed a lengthy enforcement procedure. The work of the law firm’s lawyers took place in the Central and Urals Federal Districts.

The Moscow Arbitration Court recovered monetary funds in the amount of the major debt and penalties in the Euro contract currency. The court ruling was executed at the debtor company’s location in Chelyabinsk.

No funds were received in the current account of the company after the arrest of the debtor company’s accounts. However, the law firm and the bailiff succeeded in identifying the debtor company’s business network of contacts and counterparts. There were found leasing companies – pledge holders of the debtor’s authorized capital, among the debtor’s counterparties, and high volume retailers as counterparties.

By taking advantage of the right to demand that the General Director be brought to administrative responsibility for the failure to comply with the court ruling, as provided for by Article 17.15 of the Administrative Offences Code of the Russian Federation, and the right to seize accounts receivable by a high volume retailer, the law firm made the client’s right to the debtor’s accounts receivable recognized. Furthermore, the law firm was able to impose fines by the bailiff on the General Director in the total amount of RUB 60 thousand. The Debtor, after receiving information about the arrest of the debtor’s accounts receivable from its counterparty – the retailer, – managed to find a way to repay its debt voluntarily.