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Refusal to seize Siemens subsidiary’s turbines upheld

11:59 30/10/2017

MOSCOW, October 30 (RAPSI) – The Ninth Commercial Court of Appeals upheld refusal to seize four gas turbines constructed by Russian subsidiary of German conglomerate Siemens, RAPSI learnt in the court on Monday.

In July, Siemens asked the Moscow Commercial Court to forfeit four turbines of Siemens technologies of gas turbines and acquired in 2015 by Technopromexport companies. The company also demanded to prohibit the defendants from installing these turbines. The claim was lodged as part of a lawsuit against Technopromexport companies over alleged supplies of turbines to Crimea.

In September, the court dismissed the conglomerate’s claim due to the lack of evidence. The ruling was appealed.

Earlier, reliable sources told Siemens that at least two out of its four gas turbine installations provided for a project in Southern Russia were transferred to Crimea.

Siemens believes that these actions are in clear violation of the conglomerate’s distribution contracts prohibiting a client to provide equipment to the region. Siemens initiated investigation into persons responsible and filed lawsuits with the Moscow Commercial Court seeking cancellation of all additional provisions to Crimea and return of equipment to its original point of destination.

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Refusal to seize Siemens subsidiary’s turbines upheld

11:59 30/10/2017 The Ninth Commercial Court of Appeals upheld refusal to seize four gas turbines constructed by Russian subsidiary of German conglomerate Siemens.
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