The Commercial Court of the Republic of Kalmykia has completed bankruptcy proceedings against a firm believed to be formerly controlled by William Browder’s Hermitage Capital Management, according to court records, RASPINews.com reported. The court has granted a petition lodged by Kirill Nogotkov, a bankruptcy manager of the former Browder’s company. In November 2019, the Sixteenth Commercial Court of Appeals upheld recovery of 388,400 rubles ($5,200) from HSBC Bank and HSBC Management in favor of Dalnaya Step, denying granting its claim in full.
Severe coronavirus restrictions around the world to contain surging infection rates weighed on fuel sales, weakening the prospect of energy demand recovery in the first half of 2021, Reuters reported. Most of Europe is now under the strictest restrictions, according to the Oxford stringency index, which assesses indicators such as travel bans and the closure of schools and workplaces. The United Kingdom’s new national lockdown is expected to last until mid-February at least.
The Moscow Commercial Court has again extended the procedure of sale of assets of Vneshprombank former co-owner Georgy Bedzhamov, charged with large-scale embezzlement for 6 months, according to court records, RASPSINews.com reported. Previously, the bankruptcy proceedings were extended in July. Bedzhamov was declared bankrupt in July 2018. In 2016, Bedzhamov was put on the international wanted list on embezzlement charges.
OneWeb, the satellite internet group recently rescued from bankruptcy, is expecting to clinch a $400m fundraising next month, its executive chairman said as the company marked a return to business with the launch of 36 satellites, the Financial Times reported. Sunil Bharti Mittal, the Indian telecoms tycoon who with the British government has taken control of OneWeb for $1bn, said two satellite operators and a financial group were in late stage discussions about investing. “We are very close . . . maybe a couple of weeks,” Mr Mittal said.