The Moscow Arbitration Court extended the bankruptcy proceedings of Google LLC, the Russian subsidiary of the American corporation Google, for six months. This was requested by the bankruptcy trustee Valery Talyarovsky, RIA Novosti reports.

A Moscow court extended the bankruptcy proceedings of Google’s Russian subsidiary for six months

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The court has scheduled Talyarovsky’s next report for October 28.

The court declared Google LLC bankrupt in October 2023 (at that time the company’s debt amounted to 53.6 billion rubles). The initial bankruptcy procedure – observation – was initiated in November 2022 by the Ninth Arbitration Court of Appeal at the request of the company itself.

The bankruptcy trustee of the Google subsidiary, Valery Talyarovsky, stated in court that the register of creditor claims of the Russian division now includes claims from 1,145 creditors in the amount of more than 23.2 billion rubles.

Documents, seals and property stored in warehouses in Moscow, the Moscow region and Yaroslavl were accepted from the former director of the company. The property inventory has not yet been completed.

The manager also noted that claims were sent to counterparties in the amount of more than 14 billion rubles and about 2 billion rubles were credited to the current account. The balance of assets for 2023 amounted to about 16.2 billion rubles.

Talyarovsky asked to extend the bankruptcy proceedings for six months, the court granted the request and set the next report for October 28.

Earlier it became known about Google LLC’s plans to return 10 billion rubles paid to the parent company by the end of 2021 in the form of dividends and taxes.


Anastasia Marina

Source: RB

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I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.


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