Litigation with Angioline

Angioline company. corporate conflict. Disputes. Deals. Claim for recovery. Transfer of assets. Losses.

The company "Angioline" is a major innovator in the field of cardiology and one of the main exporters of the Novosibirsk region.

Since 2013, a corporate conflict has flared up in the company, which has led to numerous lawsuits. One of the largest disputes was resolved the day before by the Arbitration Court of the Novosibirsk Region. The founders of the joint-stock company "Angioline" managing the Company Kudryashov and Frantsuzov lost to attracted investors - shareholders, Lebedeva and the Luxembourg company Healthcare Solutions Holding S.A.

Angioline was established in 2007 as a Limited Liability Company. Then, in 2013, three individuals (French, Kudryashov and Sobenin) established the Angioline joint-stock company, the only asset of which was a 100% stake in Angioline LLC. JSC was established to attract investment and business development.

In 2013, the company acquired a major shareholder with a stake of more than 20% as a result of a series of transactions that the founders of the JSC tried to challenge, but lost the case in court (the final point was made in 2019). According to Frantsuzov, the company could not determine the final composition of shareholders in the course of these transactions for a long time.

In 2018, Frantsuzov and Kudryashov, as shareholders with a controlling stake, conducted a number of transactions, which, according to the plaintiffs and this was confirmed by the court, were aimed at withdrawing assets - a 100% stake in Angioline LLC from Angioline JSC.

They first withdrew in parts 100% of the share of Angioline LLC to Latrek LLC, which belongs to them, and then to the specially created Evron LLC. A complex scheme was applied through the sale of a part of the share at a lower cost and the participant's exit, but it was recognized by the court as illegal and feigned. The court found that Latrek LLC was used as a transit company in order to circumvent the requirement to obtain approval for the transaction and transfer the entire asset to Evron LLC.

This decision may become the basis for satisfying a number of claims made by Lebedeva and the Luxembourg company, in particular, a claim for recovery of more than 4 billion losses as a result of the transfer of an asset.

By court decision, all 100% of the shares were returned to Angioline LLC and returned to Angioline JSC.

Such a case once again demonstrates that in the event of corporate disputes, everything is not limited to one case (claim).

David Glikshtein, manager.

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