Bankruptcy proceedings began in the Russian division of Google

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Date: 12 September 2022 Time: 19:39:34

The court recognized the bankruptcy application of Google’s Russian division as justified

In the Russian division of Google, Google, by the decision of the Moscow Arbitration Court, submits an initial bankruptcy procedure – observation, writes RIA Novosti with reference to a correspondent.

The court considered the Russian company’s declaration of its own bankruptcy justified. “Recognize the request… as justified, start a follow-up procedure for a period of six months,” announced Judge Valery Marasanov in the operative part of the court’s decision.

The meeting lasted several minutes, the creditors’ representatives did not appear in court, only the company’s lawyers were present, who confirmed the demand for declaring bankruptcy. Unfulfilled obligations of the company exceed 19 billion rubles, assets are estimated at 3.5 billion, another 1.2 billion rubles are caught in the accounts (according to the statement of the RT TV channel).

The bankruptcy was filed in mid-June. The decision to start the process was made in May, explaining that the plans were related to the fact that “by March 22, 2022, he demonstrates his own insolvency and inability to meet financial obligations.”


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