Steel giant's $68 million unjust enrichment suit postponed
MOSCOW, July 23 - RAPSI. The Lipetsk Regional Commercial Court has pushed back its hearing of the lawsuit by Novolipetsk Iron and Steel Works to recover $68.36 million from Steel Construction Concern until August 8, the court told the Russian Legal Information Agency on Monday.
The consideration of the lawsuit was postponed due to the necessity to call in experts for the hearing.
On February 15, the court suspended the case so as to hold an examination to assess the amount of metal construction the defendant should have assembled at an NLMK facility. In addition, a subsidiary of the Federal Center for Pricing in Construction and Building Materials Industry was to estimate the price of the construction.
The lawsuit seeks the recovery of 2.07 billion rubles ($64.32 million) in unjust enrichment and 144.7 million rubles ($4.5 million) in interest accrued from December 2, 2010 to October 3, 2011.
NLMK is Russia's leading steelmaker.
The Steel Construction Concern incorporates two research, design and technological institutes, 14 plants and 24 assembling organizations.