FBK Partner on How to Reorganize Business Correctly
Alexander Ermolenko took part in the workshop of “The Legal Risks of Antirecessionary Actions of the Company” organized by the Institute of Development of Modern Educational Technology (IRSOT).
The representatives of the leading Russian law firms answered the questions of the attendees from 35 cities of Russia.
The experts examined thoroughly the legal aspects and practices of application of laws in the situations of crisis management the basic of which are bankruptcy and restructuring of business: the default on the part of contractors and partners, optimization of business structures and business processes, regulatory risks.
In his speech Alexander Ermolenko dwelt on the specifics of business restructuring associated with observance of the antimonopoly legislation as well as with the sale of non-core assets. The lawyer told the participants about the practice of work on the restructuring of FBK Legal, drew the attention of the audience to the specific features of transactions for sale of non-core assets as well as the situations when the restructuring required prior approval of the Federal Antimonopoly Service of Russia.
“Such approval refers not only to the restructuring proper but to the purchase of shares, transfer of ownership or use of fixed assets and intangible assets. There are a number of complex issues to be faced with and which, in case of inappropriate implementation, may cause problems to the former of future owners. Such bottlenecks, in my opinion, are the procedures of disclosure of ultimate beneficiaries, the determination of the holding company or group structure, the change of the market shares controlled by the holding/group, the risk of emerging or strengthening of the dominant position and some others,” added Alexander Ermolenko.
The Institute of Development of Modern Educational Technologies (IRSOT) is one of the leading Russian Companies in the field of short-term training, advanced training and professional retraining.
The representatives of the leading Russian law firms answered the questions of the attendees from 35 cities of Russia.
The experts examined thoroughly the legal aspects and practices of application of laws in the situations of crisis management the basic of which are bankruptcy and restructuring of business: the default on the part of contractors and partners, optimization of business structures and business processes, regulatory risks.
In his speech Alexander Ermolenko dwelt on the specifics of business restructuring associated with observance of the antimonopoly legislation as well as with the sale of non-core assets. The lawyer told the participants about the practice of work on the restructuring of FBK Legal, drew the attention of the audience to the specific features of transactions for sale of non-core assets as well as the situations when the restructuring required prior approval of the Federal Antimonopoly Service of Russia.
“Such approval refers not only to the restructuring proper but to the purchase of shares, transfer of ownership or use of fixed assets and intangible assets. There are a number of complex issues to be faced with and which, in case of inappropriate implementation, may cause problems to the former of future owners. Such bottlenecks, in my opinion, are the procedures of disclosure of ultimate beneficiaries, the determination of the holding company or group structure, the change of the market shares controlled by the holding/group, the risk of emerging or strengthening of the dominant position and some others,” added Alexander Ermolenko.
The Institute of Development of Modern Educational Technologies (IRSOT) is one of the leading Russian Companies in the field of short-term training, advanced training and professional retraining.
