St. Petersburg court confirms asset recovery in Rolf case for state

The Moskovsky District Court in Saint Petersburg has upheld the claim lodged by the Prosecutor General’s Office of the Russian Federation, ordering the state to take control of assets tied to the Rolf car dealership network and the holding’s founder, Sergei Petrov. This outcome was reported by Interfax, which cited the court’s decision as the basis for transferring ownership in favor of the state. The ruling makes clear that the private limited company Delance Limited, along with Rolf Motors LLC, must transfer all shares of JSC Rolf and related entities into state control according to the court’s framework. Specifically, the court determined that 100 percent of the shares in the authorized capital of Rolf Motors LLC, Rolf LLC, and additional related holdings under the Rolf umbrella were to be consolidated into state ownership. The decision underscores the breadth of the state’s claim across the corporate structure connected to Rolf and its subsidiaries. The judiciary’s involvement marks a significant step in the ongoing process of asset recovery pursued by the national authorities in this case. In essence, the court’s order aligns with the government’s broader objective of ensuring that proceeds from the enterprise network are realized as state revenue rather than remaining within private hands. The emphasis of the ruling highlights the comprehensive approach taken by the court when confronted with intertwined corporate holdings and offshore interests that have previously complicated asset tracing and ownership determinations.