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bankruptcy

News about bankruptcy: events, facts and developments on tafs uz.

5 stories

Economy

Google's Russian subsidiary has paid out almost $208 million in fines imposed on the parent company

The bankruptcy trustee of Google LLC (Russia) told the court that by September 20 more than 16.7 billion rubles had been received into the company's account, of which about 14.7 billion was deducted by bailiffs toward fines on the American Google LLC. Total payments reached almost 16.8 billion rubles, while Google's accrued debt to Russia, according to RIA, amounts to 2 undecillion rubles and continues to grow.

Otabek Yusupov
2 min read
Economy

Uzbekistan to introduce special bank accounts for enterprises at the bankruptcy stage

On 20 October, the Ministry of Justice approved amendments to the procedure for opening, maintaining and closing bank accounts. Commercial banks will open separate accounts for companies in rehabilitation, external management or liquidation procedures, and debit operations on the previous accounts are suspended. Customers will also be able to obtain information about their accounts at any bank and open accounts using a biometric foreign passport.

Otabek Yusupov
2 min read
Economy

Lawyer reminds of restrictions after free bankruptcy through the MFC

The completion of out-of-court bankruptcy through the MFC does not restore the borrower's full access to credit: for five years, when obtaining a loan, one must report the bankruptcy, and there are also restrictions on managerial positions. Dmitry Chelnokov, managing partner of the law firm Formula Soglasiya, told Gazeta.Ru about this.

Aziz Karimov
3 min read
Economy

Maker of Baikal Vodka Faces Bankruptcy: Debts Reach 110 Million Rubles

The Moscow Alcohol Company, which owns the Baikal, Baikalskaya Proba, Nerpa, Kedr and Charmel brands, has accumulated 110 million rubles in tax debt, according to the Telegram channel Baza. The company's accounts have been frozen in five banks, and partners are demanding more than seven million more. A possible bankruptcy calls into question the fate of the trademarks.

Javlon Tursunov
2 min read
Technology

Disney to hire most Character.AI employees after startup's bankruptcy

After Character.AI's bankruptcy, Disney agreed to make job offers to at least 60 of the startup's employees with total annual compensation of about $60 million. Disney previously agreed to buy part of the company's assets for $20 million, and former Character.AI CEO Karandeep Anand became Disney's first CTO. The deal is a 'stalking horse' bid, so a higher offer from another company is possible.

Sardor Qodirov
1 min read