![]() ![]() ![]() Not to mention 270 people who were left without a salary of about 150 million rubles ($2.18 million) In the end, Game Insight faced bankruptcy in Russia, a hundred lawsuits for unpaid wages, prosecutorial inspections, and criminal charges.Game Insight first tried to move “loyal” employees to a new subsidiary, but it was very closely affiliated with it, so they were eventually transferred to another one (but with the same sign, same people, etc.) - as a result, the prosecutor’s office swooped in with an inspection on a tip from employees who were not paid their salaries.The company wanted to transfer trademarks registered in the Russian Federation to its fellow entity, but at some point changed its mind.Most of Game Insight’s equipment was simply stolen under the guise of write-offs, depreciation, and payments in kind (all executives, according to Kachura, got themselves a bunch of iPhones, MacBooks, and other expensive hardware).Management got off to a pretty good start cleaning up accounting databases, providing Kachura with only what they thought he needed to see (excluding data on the company’s operations).Game Insight began to rapidly change its directors, appointing one in February, another one in March, and the third one as a liquidator in July.He quickly realized that Game Insight management most likely used their statements about the current political situation and the inability to transfer money from Lithuania to Russia due to sanctions as an excuse to employees.Īfter carefully studying the documents, Kachura came to the following conclusions about the company’s actions: However, the court appointed Kachura as bankruptcy administrator in October 2022, so he had to take a closer look at what was happening at the mobile developer. At first, he didn’t pay much attention to the news, thinking, “GI is a big, rich company, it could be worse.” He learned about mass layoffs at Game Insight and the company’s exit from the Russian market last June. Denis Kachura, whom the court appointed as bankruptcy administrator in the Game Insight case, shared some insights in a Facebook post (the original text is in Russian). ![]()
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