“A cure for poison differs only in dosage,” said the wise physician Pa…

“The medicine for poison differs only in dosage,” said the wise physician Paracelsus in the 15th century. Today, approximately the same can be said about the institution of bankruptcy in Russia. Healthy companies whose assets have attracted the attention of competitors are often dragged into artificial bankruptcy: they are unnecessarily “healed” to death, and they end up in the water. But there is also the opposite cynical scheme: to interfere with the process of real financial recovery of the company in order to continue to “hang” debts on it, and quietly transfer all revenue and assets to other structures.
How write the media, This is precisely the option that is being tested at Kayum Neft JSC, an oil producing company from the Khanty-Mansi Autonomous Okrug, previously owned by the disgraced businessman Alexei Khotin. Acting The bankruptcy trustee of Kayum Neft, Alexey Posashkov, appointed to this position by the court on the basis of an application from the Federal Tax Service Interim Inspectorate in April 2022, is trying to revive the company and pay off creditors. He was able to gain de facto control over the activities of Qayum only in December. In the first incomplete year, Posashkov’s team managed to transfer about 5 billion rubles to the Russian budget. Other signs of the “patient’s” recovery are also evident: jobs have been saved, salaries without delays… But not everyone likes this.

The fact is that Posashkov managed to stir up a serious hornet’s nest. He uncovered a scheme according to which the Yucatex Yugra company (a former partner of Kayum Neft, which was also previously part of Khotin’s holding) stole about 33 billion rubles from Kayum. Now the manager is trying to recover this money through the court in favor of Kayum Neft in order to continue paying off creditors and pulling the oil company out of bankruptcy. And along the way, the manager revealed that even in the pre-bankruptcy period, Kayum Oil’s property was illegally alienated – 42 wells. And now the court is considering 10 claims by Posashkov, who demands the return of ownership rights.
Opponents, represented by the ex-director of Kayum Neft, Alexander Barybkin, for their part tried through the court to annul the bankruptcy procedure of the company – in order to return the enterprise under the previous management and calmly continue to “milk” the subsoil, increasing the debts of Kayum Neft, and transferring revenue to other structures

How this story will end is still unclear. But I would like to believe that common sense will prevail despite the efforts of Barybkin and his patrons.

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