A German insolvency court has filed bankruptcy proceedings against a film company based in Cyprus and owned by Alexander Rodnyansky, the famed Russian producer of Oscar-nominated features Leviathan and Loveless, claiming the company owes more than $2 million to the shareholders of now-defunct German production and licensing group A Company.
In the Wednesday filing, seen by The Hollywood Reporter, the court states that Alexander Rodnyansky Films Limited, a holding company based in Cyprus, has failed to pay $2.299 million it owes A Company and that it should be ruled insolvent.
The money is part of a series of loans, totaling close to $10 million, that Rodnyansky's A.R. Films gave A Company in 2011.
Read more on hollywoodreporter.com