Google LLC, a Russian company controlled by Google, may begin its own bankruptcy due to the seizure of its bank account and large negotiable fines. Elena Gladysheva on what may be the problems and difficulties with this? And how feasible is it now?

Google subsidiary in the Russian Federation (Google LLC) has the right to file for its own bankruptcy, the moratorium currently applies only to creditor petitions - only creditors are temporarily restricted in their right to file for bankruptcy.

The procedure of bankruptcy proceedings has not changed: if the application is found to be justified, the court will introduce a monitoring procedure and appoint an interim administrator. Further, if the interim administrator discovers that Google LLC has signs of insolvency and accounts payable, which cannot be repaid with available assets, the court will introduce bankruptcy proceedings.

In this case, all of Google's assets, ranging from cash and computers to vehicles and real estate, will be included in the bankruptcy estate of the debtor, which will be subsequently used to pay the claims of creditors.
Of course, the transactions made by Google LLC three years before the date of filing for bankruptcy deserve attention: if there are any defects in such transactions, for example, alienation of property at an underestimated value, payment under contracts without counter performance - the court on the application of the bankruptcy trustee or creditors will have the right to invalidate such transactions, and the alienated assets to return them to the bankrupt estate.
Standardly, if there is not enough property to pay the claims of all creditors, it is also stated about bringing the debtor's controlling persons to subsidiary liability - first of all it is the General Director, the participant (Google International LLC, USA), the governing bodies of Google LLC. If any violations are revealed in their actions, which led to the insolvency of Google subsidiary - such persons will be subject to subsidiary liability for the amount of outstanding claims of creditors.

Read more about the lawyer's opinion in the Kommersant publication