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Investor's $211 mln dispute with Moscow government postponed until Jan. 27

Tags: Russia, Moscow
16:07 23/01/2012

MOSCOW, January 23 - RAPSI. The court has adjourned until January 27 its hearing of the Beryozka Cluster Home Community's lawsuit against the Moscow government for $211 million, the Russian Legal Information Agency (RAPSI/rapsinews.com) reports on Monday.

The action stems from a multipurpose construction contract dated December 29, 2005.
Beryozka seeks 6 billion rubles ($193 million) in lost profit. It also wants to collect over 301 million rubles ($9.7 million) in actual damages and to return another 303 million rubles ($9.75 million) that it invested under the contract, plus interest.

Beryozka also requests to terminate the contract.

The plaintiff adjusted its claim on several occasions. Initially, Beryozka sought 4.676 billion rubles ($150 million).
The court has finished hearing the parties' arguments and adjourned the case.
The co-defendants are the Moscow government and its investment and development and road-building and engineering construction departments. The Finance Department has also been involved as a third party.

The Moscow Commercial Court is now hearing another lawsuit filed by Beryozka against the Moscow government for 3.3 billion rubles ($105.4 million). The dispute is connected with a co-investment contract for construction in central Moscow.

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Investor's $211 mln dispute with Moscow government postponed until Jan. 27

16:07 23/01/2012 The court has adjourned until January 27 its hearing of the Beryozka Cluster Home Community's lawsuit against the Moscow government for $211 million, the Russian Legal Information Agency (RAPSI/rapsinews.com) reports on Monday.
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