The Russian Google subsidiary — LLC "Google", established in 2005, has been declared bankrupt. According to the Interfax news agency, this decision was made on October 18 by the Arbitration Court of the city of Moscow.
The company will be under bankruptcy proceedings for the next six months. The former interim receiver, Valery Talyarovsky, has been appointed as the bankruptcy trustee.
A representative of Talyarovsky told the court that the register of creditors includes claims from 861 creditors against "Google" totaling approximately 53.6 billion rubles. The creditors include not only company employees, but also commercial organizations and the tax authority.
The company filed for bankruptcy in the summer of 2022, and later the Moscow Arbitration Court recognized the application as justified and introduced a supervision procedure against it.
At that time, according to company representatives in court, the amount of creditors' claims against the company exceeded 19 billion rubles, while the company's assets amounted to only about 3.5 billion rubles.
As clarified in the court act at the time, the company's accounts receivable amounted to 27 billion 25 million rubles against 18.7 billion rubles of total monetary obligations of the debtor to creditors. Also, LLC "Google" owed salaries and severance payments to employees in the amount of 271.2 million rubles and accumulated debts of 85.7 million rubles on mandatory payments.
At the same time, according to data from the court ruling, the company had 636 thousand rubles in its Citibank account at that time. Its fixed assets were estimated at 28.5 million rubles, intangible assets at 14 million rubles, inventories at 15.2 million rubles, and "other assets" totaling 3.8 billion rubles.
It is worth noting that Google's "daughter" lost part of the funds in the form of more than 29 billion rubles due to fines for repeated violations of Russian legislation since the end of 2021.
