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Court to hear two multi-million ruble lawsuits against Baltiysky Zavod

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15:10 28/11/2011

ST. PETERSBURG, November 28 - RAPSI. A court will hear in December two lawsuits filed by Sberbank and Khanty-Mansiysk Bank against a major shipyard for a total of $3.8 million, the court documents read.

Sberbank is the largest bank in Russia.

Baltiysky Zavod is a major shipbuilding plant engaged in building ice-breakers, large vessels and combat ships.

The court expects to hear Sberbank's 52.54 million ruble ($1.6 million) lawsuit against the Baltiysky Zavod on December 7 and Khanty-Mansiysk Bank's 68.27 million ruble ($2.1 million) lawsuit on December 20.

The North-Western District Federal Commercial Court registered in late November Baltiysky Zavod's appeal against the court's judgment awarding Sberbank 45.65 million rubles ($1.4 million) in debt for a loan contract.

The St. Petersburg Commercial Court held for the state-run Rosmorport in late October and ordered to recover 411.16 million rubles ($13 million) from Baltiysky Zavod in penalties for a failure to build the "Moscow" and the "St. Petersburg" ice-breakers in time.

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Court to hear two multi-million ruble lawsuits against Baltiysky Zavod

15:10 28/11/2011 A court will hear in December two lawsuits filed by Sberbank and Khanty-Mansiysk Bank against a major shipyard for a total of $3.8 million
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