Igor Matsanyuk accused the judges and the trustee in the bankruptcy case of "Game Insight" of illegal activities

In 2022, the Russian subsidiary of Game Insight found itself at the center of a scandal: it decided to close, leaving several hundred employees without pay. This led to a legal proceeding seeking the company’s bankruptcy declaration. Three years later, the chairman of the board of directors of Game Insight, Igor Matsanyuk, claimed that the insolvency practitioner handling the case attempted to illegally enrich himself — "with the active participation or connivance" of the judges.

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Matsanyuk detailed these accusations in a document attached to the case. Denis Kachura — the very same practitioner — shared a portion of it on social media.

According to Matsanyuk, Kachura mishandled the bankruptcy of Game Insight from the start. Instead of initially proceeding with the search and valuation of the company’s assets, attempting to settle its debts to creditors, or fulfilling other primary duties, he filed an "unsubstantiated" petition to hold Game Insight's beneficiaries subsidiarily liable.

“The actions of the practitioner were formal and ineffective. We have determined that numerous processes within the insolvency proceedings were either incomplete or lacked economic outcomes. Despite numerous claims, the bankruptcy estate was never replenished, and the debtor’s assets were sold off at undervalued prices,” declared Matsanyuk.

Additionally, Matsanyuk expressed dissatisfaction with the size of the commission granted to Kachura. He stated that normally practitioners are entitled to 3-7% of the amount recovered from a company, whereas Kachura, with court support, was awarded the right to 30%.

Matsanyuk is convinced that the judges overseeing the Game Insight bankruptcy case are implicated in this "illegal activity." Furthermore, he suspects that other judicial employees, such as those responsible for case distribution in court, might be at fault as well.

Kachura himself reported being surprised upon reading Matsanyuk’s statement. He described Matsanyuk's decision to criticize the judges and the Russian judicial system as bold, especially as he also sent the criticism directly to the court.

“And he [criticizes] them because I won... meaning I won not because I was right, but because, apparently, the judicial system in our country isn’t great... I’ve considered compiling a collection of court rulings in which Matsanyuk’s lawyers won, but it turns out to be a ridiculous story because they only won once in THREE years,” Kachura wrote in his post (spelling and grammar preserved as per the author, but offensive language replaced with analogues or omitted. — Editor’s note).