Creditor banks from the Smolt Group can implement a pre-bankruptcy rehabilitation plan for the entrepreneur VTB First Vice Chairman Dmitry Pianov told reporters that this was discussed as part of a plan to restore the company's financial stability. We are talking about the implementation of a mechanism for targeted extrajudicial restructuring: this became possible after the adoption of amendments to Law 127-FZ. According to Pianov, "the Smollett case will be the first major case, perhaps the first, in which a comprehensive resolution agreement will be used within the framework of the new insolvency and bankruptcy legislation." He also said that VTB is the second largest lender to the largest housing developer in the country. However, the conversion of the company's debt into shares is unlikely. Smollett shares surged after Pianov's restructuring announcement.

Creditor banks from the Smolt Group can implement a pre-bankruptcy rehabilitation plan for the entrepreneur VTB First Vice Chairman Dmitry Pianov told reporters that this was discussed as part of a plan to restore the company's financial stability. We are talking about the implementation of a mechanism for targeted extrajudicial restructuring: this became possible after the adoption of amendments to Law 127-FZ. According to Pianov, "the Smollett case will be the first major case, perhaps the first, in which a comprehensive resolution agreement will be used within the framework of the new insolvency and bankruptcy legislation." He also said that VTB is the second largest lender to the largest housing developer in the country. However, the conversion of the company's debt into shares is unlikely. Smollett shares surged after Pianov's restructuring announcement.