The court began the procedure for bankruptcy of the Russian division of Google
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The Moscow Arbitration Court found justified the application of the Russian subsidiary of Google (Google LLC) for bankruptcy, filed on June 16 in connection with the “impossibility of fulfilling financial obligations” due to the arrest of a bank account. Ten creditors appear on the case card. The court introduced a monitoring procedure in the company.
“Recognize the statement … as justified, introduce a monitoring procedure for a period of six months,” said Judge Valery Marasanov (quoted from “RIA News”).
The initial bankruptcy procedure is observation. During it, the court analyzes the financial position of the company, draws up a register of creditors’ claims, and organizes their first meeting.
AT card cases of ten creditors, including OOO Favorit (Krasnoyarsk), OOO Avtoremstroy (Moscow), OOO Central Stomatology (Chelyabinsk).
Google’s Russian subsidiary filed for bankruptcy in June. Earlier, the Russian legal entity Google announced plans to initiate bankruptcy due to the imposition of a turnover fine: as reported Forbes citing a representative of the company, the arrest of a bank account in Russia after the complaint of Tsargrad made it impossible for the Russian office to function, including the payment of employee salaries, as well as the fulfillment of other financial obligations.
Interfax notes that at the last meeting, a representative of the company explained the filing of a bankruptcy petition by the fact that at that time the size of the claims of the company’s creditors exceeded 19 billion rubles, while the company’s assets amounted to only about 3.5 billion rubles.
Court in 2021 appointed company turnover fine in the amount of 7.2 billion rubles. for repeated non-deletion of prohibited information. In July 2022, the company was imposed another a turnover fine, in the amount of 21.7 billion rubles, for refusing to remove inaccurate information about a military operation from YouTube.
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