CLS associates have in-depth expert knowledge in the field of bankruptcy of legal entities and individuals and have successful practical experience working both on the side of debtors (including supervisors and management) and on the side of creditors.

The CLS team specializes in restructuring, protection from subsidiary liability, contesting transactions and claims, interaction with managers and comprehensive support of bankruptcy procedures, including bankruptcy of credit institutions.

Our services on bankruptcy of individuals and legal entities:

• Comprehensive support for a bankruptcy procedure representing a debtor or a creditor
• Contesting and defense of transactions within bankruptcy proceedings (suspicious transactions, transactions with preemptive satisfaction, etc.)
• Preliminary analysis of risks of transactions being contested in the interests of a debtor's contracting parties
• Revealing a debtor's assets
• Subsidiary liability and recovering losses from controlling persons
• Defense in subsidiary liability disputes
• Developing and introducing a system/regulations for adjusting business processes in order to exclude/minimize the respective risks of management being held liable
• Anti-crisis planning and development of strategy for bankruptcy cases
• Interaction with receivers at all stages of bankruptcy
• Challenging claims of creditors on inclusion in the creditor claims register
• Challenging actions of a bankruptcy receiver
• Coordination of procedures, monitoring progress of the case, other procedural and organizational issues