Mr. Mikhalkov’s lawyer claims that Mikhalkov even bought out part of the claims from the creditors. But here, too, the interpretation of the arbitration court is unambiguous: “Mikhalkov A.Yu. carried out the repayment of the Company’s overdue loan obligations without taking any action to reclaim (collect) the spent financial resources… Mikhalkov’s behavior is not typical for an economically independent entity.” Let us explain here that the repurchase of receivables by law puts the buyer in the queue of creditors of the bankrupt company and involves compensation for the funds spent on repurchasing the debt from the bankruptcy estate. In simple words: being fully affiliated with a bankrupt company and participating in the withdrawal of funds, Mikhalkov buys the company’s debt to the creditor in order to then reimburse his expenses from the bankruptcy estate, that is, he robs the company a second time, to the detriment of real independent creditors. The arbitration district’s summary of this episode is very laconic and eloquent: “… in this case there is an abuse of right on the part of a potential creditor who has the goal of participating in the distribution of the bankruptcy estate.”
Therefore, taking into account all of the above, the efforts of Mikhalkov’s PR people and lawyers to prove his non-involvement in bringing Remputi to bankruptcy and good intentions to buy out Remputi’s debts look at the very least stupid and short-sighted.
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