After the accounts were blocked in May 2022, Google's Russian subsidiary filed a lawsuit to declare it bankrupt, and a temporary manager was appointed to the company. Following an investigation, he found signs of deliberate bankruptcy.
The temporary manager of Google LLC (the Russian subsidiary of Google) Valery Talyarovsky stated that there are signs of deliberate bankruptcy in the subsidiary of the American corporation. This is stated in a notice in the Federal Resource.
The manager investigated the el salvador whatsapp resource company's activities from March 2019 to December 2022. Among other things, he identified a significant decrease in the liquidity of Google LLC, which was observed since December 2020. According to his estimates, by this time the company's debt on dividend payments to the founders amounted to 10 million rubles.
Ireland Limited increased by more than 2 billion rubles. Talyarovsky noted that in general the level of solvency of the debtor can be characterized as "gradually decreasing", which may be due to fines against the company in Russia and a significant drop in revenue starting from the third quarter of 2022.
In addition, Google's subsidiary wrote off the value of non-current and current assets, "motivating the decision by the fact that there is uncertainty in the continuity of operations," the manager found out. "Conclusion: signs have been identified indicating the presence of signs of deliberate bankruptcy," the notice signed by Talyarovsky says. At the same time, there are no objective signs of fictitious bankruptcy, but "there are formal signs of fictitious bankruptcy."
In May last year, Google's Russian subsidiary itself filed a lawsuit to declare itself bankrupt. The company then stated that the seizure of its bank account made it impossible for its office to operate, including retaining employees and paying salaries, paying suppliers and contractors, and fulfilling other financial obligations. The court introduced bankruptcy proceedings against Google LLC at the end of November last year.
The property and assets of Google LLC were seized based on claims from Russian TV channels. In particular, at the beginning of June last year, the arbitration court seized a total of 1 billion rubles as a security measure for two claims from VGTRK; claims from the company GPM Entertainment Television, owned by the holding Gazprom-Media, the NTV television company, the 360 TV channel, the Zvezda TV channel and ANO TV-Novosti, the founder of the RT TV channel, were also satisfied (each for 500 million rubles).
The reason for the lawsuits was the blocking of these Russian media outlets' channels on YouTube. Roskomnadzor demanded that the restrictions be lifted, noting that they "violate the key principles of free dissemination of information and unimpeded access to it." The court also imposed a turnover fine on Google in the amount of more than 7.2 billion rubles for failure to remove content prohibited in Russia. The bailiffs decided to collect it by force.
According to the materials of the first meeting of creditors of Google LLC, which took place on August 22, the volume of the company's monetary obligations to creditors and authorized bodies is about 20.1 billion rubles (of which about 19.6 billion rubles are due to the Federal Tax Service).
At the same time, the debt on settlements of the parent Google
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