The Moscow Arbitration Court returned the bankruptcy application of St. Petersburg Exchange – Kommersant
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The Moscow Arbitration Court considered the issue of accepting the application for the St. Petersburg Exchange’s own bankruptcy and returned the claim. This was reported “RIA News” in the press service of the court.
“Through the office of the court, PJSC St. Petersburg Exchange received an application to declare it insolvent (bankrupt). By decision of November 27, 2023, the application was returned,” the message states.
The Central Bank announced that it would study the situation surrounding the St. Petersburg Exchange’s lawsuit and analyze the actions of market participants with its shares “from the point of view of a possible violation of the requirements of the law on countering the use of insider information.”
Information about the filed bankruptcy petition of St. Petersburg Exchange became known today, November 27th. Against this background, the company’s shares on the Moscow Exchange fell by 30%. The press service of the St. Petersburg Exchange reported that the company did not file for bankruptcy.
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