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State-owned bank's dispute with alcohol distributor to be consided in February

15:19 31/01/2012

MOSCOW, January 31 - RAPSI. The Moscow Commercial Court will hear on February 29 three Rosselkhozbank lawsuits against a major Moscow market and an alcohol distributor for $30 million, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

Initially, the bank sought to recover the debt under loan agreements from Vinexim and the Cheryomushkinsky market. The court separated the claims against Vinexim for another trial, which will open in February.

Vinexim filed for its own bankruptcy and the Moscow District Federal Commercial Court will hear the case on February 24.

According to media, the market and Vinexim considered co-investing in a multifunctional complex project in 2005-2006 in Moscow at an old market. The plans included building a shopping and office center by 2007, but the project was never implemented.

Rosselkhozbank provided a loan to finance the project.

Founded in 2000, the state-run Rosselkhozbank is one of Russia's five largest banks. It is a 100-percent state-owned bank with over 1,600 branch offices across the country.

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State-owned bank's dispute with alcohol distributor to be consided in February

15:19 31/01/2012 The Moscow Commercial Court will hear on February 29 three lawsuits against a major Moscow market and an alcohol distributor for $30 million.
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