BGP experts help retail chain restructure a 350-million ruble debt

A retail chain operating 20 children’s goods stores in the capital contacted the BGP law firm in connection with an impending bankruptcy and termination.

The situation became threatening after the bank holding a 350-million ruble loan to the retailer raised the interest rate to 30%. Business restructuring specialists from Bazarov, Golikov & Partners conducted a series of negotiations with the bank representatives to restructure the debt and change the repayment conditions, which allowed the client to get through the challenging period without impacting its operations. As a result, the company preserved its business and successfully avoided bankruptcy.