Elena Bit-Avragim
Corporate law and M&A · banking and finance · due diligence · retained counsel.
Change and exit
Reorganisation, insolvency and liquidation
Closing or restructuring a business properly is harder than starting one. We conduct these procedures so that the owner is left with no unclosed obligations and no open risks.
What clients come with
Owners are dividing a business, or consolidating several companies into one structure.
An investor is exiting a project and selling a stake.
A company can no longer meet its obligations, and it must be judged what restructuring can achieve — and when insolvency becomes the only reasonable course.
A creditor intends to initiate proceedings, and the debtor needs defence — or, conversely, recovery must be pursued.
A business is winding down, and liquidation must leave no later claims from the tax authorities, employees, or counterparties.
A company has stood dormant for years and needs to be closed in law.
What we do
Reorganisation: merger, accession, division
Sale of a stake and owner's exit
Debt restructuring
Insolvency and conduct of proceedings
Voluntary liquidation
Settlement with employees and the state
Why us
We conduct these procedures for companies we often incorporated ourselves — which means we see the whole history of their obligations, not only the last balance sheet. The firm's partners sit as arbitrators of the International Arbitration Court of the Kyrgyz Republic; and the firm's tax practice allows a procedure to be closed without the open tax tail that so often becomes the source of claims after liquidation.
Representative experience
- Manufacturing group. Consolidation of four operating companies into a single structure ahead of a sale. Completed without interruption to licences or supply contracts.
- Retail chain. Restructuring of bank and supplier debt in place of insolvency. Obligations rescheduled; the business continued to trade.
- Foreign shareholder. Exit from a joint venture with sale of a stake and settlement of accumulated claims. Closed with no residual liability for the seller.
- Trading company. Voluntary liquidation after a period of dormancy. Deregistration achieved with no subsequent claims from the tax authorities.
- Creditor. Initiation and conduct of insolvency proceedings against a debtor. Recovery obtained from assets identified during the procedure.
Practice partner