Contractual obligations

Tag: Contractual obligations

Amicable agreement with Gazprom possible, Lithuania says

An amicable agreement between Lithuania and Gazprom in a Stockholm Chamber of Commerce is possible if the terms of the agreement are better than the expected outcome of the arbitration, Nerijus Udrenas, the chief advisor on economic and social policy to the Lithuanian president said in an interview with radio station Ziniu radijas.

15:36 11.02.2014

Lietuvos Dujos shareholders vote to initiate arbitration against Gazprom

Shareholders of Lithuanian gas giant Lietvuvos Dujos voted at a meeting Thursday to initiate arbitration proceedings against Gazprom, with their sights set on reducing gas prices, the Lithuanian Energy Ministry announced in a statement.

16:23 30.01.2014

Rosneft subsidiary fights Yukos Capital's US court victory

Russian gas giant and Rosneft subsidiary Samaraneftegaz has appealed a judgment granting the recognition and enforcement of a $186 million arbitral award won by Yukos Capital SARL.

17:55 27.01.2014

Shareholders file $2.8 bln class action suit against Starbucks – report

Starbucks shareholders filed a $2.8 billion class action suit alleging that the coffee giant’s board of directors and executive officers breached their fiduciary duties and grossly understated a contract breach with Kraft in SEC filings.

16:12 23.01.2014

US court allows Boeing to pursue UK evidence, testimony

A US federal court approved on Friday an application by American aerospace and defense conglomerate Boeing to request compelled oral testimony and documentary evidence from the UK via the Hague Evidence Convention in its case involving the Sea Launch venture.

18:33 21.01.2014

Renova case against Varshavsky dismissed in US

A case brought before a US federal court by Renova Industries Ltd. (Renova), a Bahamas corporation within Russia’s Renova Group, against New York Motors Corp. (NYMC) and Alexander Varshavsky, its CEO and beneficial owner, has been dismissed.

12:20 21.01.2014

Rosneft subsidiary ordered to satisfy $186 mln arbitral award to Yukos Capital

A US federal court ordered Russian gas giant Samaraneftegaz to turnover assets in order to satisfy an approximately $186 million arbitral award granted to Yukos Capital SARL.

14:44 14.01.2014

Unreported pregnancy not enough to dismiss employment termination lawsuit – Supreme Court

The Supreme Court of Russia has ruled that a pregnant woman’s lawsuit against her employer for terminating her during her pregnancy cannot be dismissed even if the employer was unaware of the pregnancy. This condition was included in a draft resolution of the Supreme Court’s plenary meeting that took place Tuesday.

15:11 17.12.2013

Rosbank settles emplyoment contract dipsute with former CEO

The Meschansky District Court of Moscow on Thursday closed the proceedings in the Rosbank’s ex-CEO lawsuit against the bank over the reinstatement as chairman of the board.

13:10 12.12.2013

British company appeals Moscow Circus lawsuit dismissal

UK-based New Art Production (NAP) Limited filed an appeal against the decision to dismiss the lawsuit against Moscow Circus, The Moscow Commercial Court told RAPSI on Monday.

12:57 25.11.2013

Claim against Sony over shipment delays to be heard in December

The Moscow Commercial Court on December 11 will hear the lawsuit filed by ANO “Sports Broadcasting” in which it demands 512 million rubles ($15,8 mln) from Sony Electronics for breaching contract on supply of mobile TV stations.

15:04 17.10.2013

Cosmonaut sues Gagarin Research & Training over wages

Shelkovo City Court on October 4 will hear the lawsuit of cosmonaut Sergei Volkov against Yu. A. Gagarin Research & Test Cosmonaut Training Center contesting industry wages.

13:17 17.09.2013

Lukoil North America sued over franchise agreement in the US

Russian oil giant Lukoil’s North American subsidiary has been sued in the US by a Pennsylvania corporation over the termination of a petroleum marketing franchise.

18:50 22.08.2013

US court dismisses Yuzhnoye's motion to dismiss Sea Launch case

KB Yuzhnoye and PO Yuzhnoye Mashinostroitelny Zavod (Yuzhnoye) have failed in their efforts to dismiss a claim filed against them in US federal court by Boeing and Boeing Commercial Space Company (BCSC) over the Sea Launch project.

16:51 14.08.2013

US court affirms jurisdiction over UTICO, Ukraine case

A US federal appeals court upheld a lower court’s decision Monday, affirming that the Ukrainian authorities should not be entitled to dismiss a breach of contract claim filed by Universal Trading & Investment Co., Inc. (UTICO) in the US.

17:42 13.08.2013

Yukos Capital wins against Russia's Samaraneftegaz in US court

A federal district court in New York satisfied Tuesday a request by Yukos Capital SARL (Yukos Capital) for summary judgment in its efforts to seek enforcement of an arbitration award it had earlier won in the International Court of Arbitration of the International Chamber of Commerce (ICC) against Russia’s OAO Samaraneftegaz.

13:58 08.08.2013

Aeroflot ordered to compensate flight teams more than $30 million

The Moscow City court ordered the Russian air carrier Aeroflot to pay more than a billion rubles ($30 million) to its flight teams for 2011-12 graveyard shifts, a Sheremetyevo Airport union spokesman told RAPSI on Thursday.

13:22 25.07.2013

US engineering firm wins default judgment against Dagestani glass company

A US federal court has granted a motion filed by US-based glass engineering firm Henry F. Teichmann, Inc. (Teichmann) seeking default judgment against Dagestani glass company Caspian Flat Glass OJSC (Caspian) based on the failure of the latter to timely respond to a complaint and summons served amidst effort to compel arbitration in Zurich.

15:52 22.07.2013

Renova moves for entry of default against Varshavsky, New York Motors Corp.

Renova Industries Ltd. (Renova), a Bahamas corporation within Russia’s Renova Group, has moved in a US federal court for entry of default against New York Motors Corp. (NYMC) and Alexander Varshavsky, its CEO and beneficial owner, who allegedly failed to respond in a timely manner to its claim that it had been induced by a false promise to enter into a contract that was then breached by the defendants.

14:53 18.07.2013

BTA Bank's 254.7 million euro debt claim rejected

The Federal Commercial Court of the Moscow District has upheld a previous ruling to reject Kazakhstan-based BTA Bank's claim to recover 254.7 million euros from Megagroup under a guarantee agreement.

16:55 09.07.2013