MOSCOW, January 26 - RAPSI, Natalia Belova. A court has sided with the Moscow government in its lawsuit against the Capital Group developer to terminate an investment contract for the Russian Avant-Garde project, the Russian Legal Information Agency (RAPSI/rapsinews.com) reported on Tuesday.

Capital Group was to construct a complex comprising hotel and administrative buildings, as well as the Museon art park next to the Central House of Artists.

Moscow Mayor Sergey Sobyanin resolved in February 2011 to audit all investment contracts with the Moscow government. The resolution implied the termination of the

Russian Avant-Garde's investment contract as the "land relations were not registered for all the facilities involved."

Capital Group has been operating on the Russian market since 1993. Its portfolio boasts over 70 implemented, constructed and designed projects with a total area over 7 million square meters.

The art park in central Moscow was founded by the Moscow-based Museon association in 1992 upon the initiative of the Moscow government and the city's culture committee.