Recovery of Kutuzoff Tower
Representing Irish Bank Resolution Corporation for the recovery of assets illegally siphoned off by the debtor. Recovery of Kutuzoff Tower.
Other ancillary cases
Finansstroyinvestment (FSI) owned the Kutuzoff Tower office center.
FSI was wholly owned by CARCER MANAGEMENT LIMITED.
FSI obtained financing from Irish Bank through loans secured by the office center.
The Quinn family, using their control over FSI's sole participant, managed to change the participants of FSI.
On 3 June 2011, Valery Volkov, acting on behalf of the Quinn family, became a new participant of FSI.
CARCER MANAGEMENT LIMITED withdrew from FSI, and Valery Volkov became the sole participant.
Valery Volkov, as FSI's sole participant, appointed Andrey Golyshev as CEO of FSI.
FSI incurred artificial debts of ₽ 10 bln owed to Stroitelnye Tekhnologii, Vneshkonsult and RLTs-Development, all acting on behalf of the Quinn family.
On 12 May 2011, Andrey Golyshev initiated FSI's bankruptcy proceedings.
The claims of Stroitelnye Tekhnologii, Vneshkonsult and RLTs-Development were included in the register of creditors.
The FSI bankruptcy proceedings were under the control of parties acting on behalf of the Quinn family.
A claim challenging the validity of the mortgage agreement for the office center was filed.
The inclusion of Irish Bank's claims in the register of creditors was actively resisted.
In the Irish proceedings against the Quinn family, Irish Bank's consultants managed to secure control over CARCER MANAGEMENT LIMITED, the former participant of FSI.
SBP’s lawyers succeeded in restoring corporate control over CARCER MANAGEMENT LIMITED.
Irish Bank’s consultants managed to remove the claims of sham creditors from the register and secure Irish Bank's control over the bankruptcy proceedings.