The Smollett Group may become the first major borrower to be subject to a comprehensive rehabilitation mechanism under the new bankruptcy legislation. According to VTB management, the bank is the developer's second largest creditor and will focus on Sberbank's position, which accounts for 30.6% of the company's debt. VTB sees debt restructuring, rather than converting it into shares, as the main method of financial recovery. Against the background of the news, the developer's shares rose by 3.6% to 273.6 rubles, writes RBC.