Moscow State University appeals recovery of $633k to major developer
MOSCOW, November 25 - RAPSI, Alyona Yegorova. Lomonosov Moscow State University filed an appeal against a court decision obligating it to award over $633,600 to the SU-155 construction company for repairing the university building, the court told the Russian Legal Information Agency (RAPSI) on Friday.
According to Forbes, SU-155 has been recognized as the largest construction company in Russia. It comprises 35 construction enterprises operating in 20 cities. Mikhail Balakin is the company's board chairman.
Lomonosov Moscow State University is the oldest and one of the largest universities in Russia. It was established in 1755.
On September 28, the Moscow Commercial Court upheld in full SU-155's lawsuit.
Pursuant to the parties' contract dated September 10, 2010, the company was obligated to renovate a university building in central Moscow. The contract was worth 95 million rubles ($3 million).
The university was to pay for the works conducted by the construction company in stages. The university paid for two works' stages, but refused to accept and pay for the third stage of the works in February 2011.
SU-155 earlier told RAPSI that the parties failed to reach an amicable agreement.