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Contractual obligations

Troubled tycoon Polonsky's company ordered to repay $18.3 million debt

13:45 09/07/2013 The Moscow Commercial Court has upheld a claim by BVI-registered Daizon Management Inc to collect $18.3 million from Sergei Polonsky's Potok & 0458 (formerly Mirax Group).

Skolkovo foundation contests collection of $2.5 million for project designer

16:09 13/06/2013 A Moscow commercial court has accepted the Skolkovo Foundation's appeal against the court ruling to collect over 80 million rubles ($2.5 million) in debt upon the request of the Cognitive Technologies company, which designed the Smart City Skolkovo concept.

Russia convicts last suspect in MiG-29 fraud case - report

11:48 07/06/2013 The Moscow City Court has handed down a four-year suspended sentence to Mikael Kazaryan, the last defendant in the criminal case over low-quality parts for the MiG-29 fighters sent to Algeria in 2007.

Putin: Contract to deliver S-300 systems to Syria not yet implemented

16:57 04/06/2013 The agreement to deliver Russian S-300 air defense systems to Syria has not yet been implemented, President Vladimir Putin said on Tuesday. Putin also stressed that the deliveries of S-300s to Syria are legal.

Kremlin refuses to comment on S-300 supplies to Syria

14:42 31/05/2013 Presidential aide Yury Ushakov would neither confirm nor deny allegations that the first batch of S-300 missiles has already arrived in Syria.

Russia seeks to settle S-300 suit with Iran out of court

10:23 31/05/2013 Russia has little chance of winning the lawsuit filed by Iran over failure to supply S-300 air defense systems, says Russian Technologies (Rostec) CEO Sergei Chemezov.

Supreme Court clears up termination terms for loan contracts

13:28 24/05/2013 The death of a guarantor and terms of early termination of loan contracts which are not specified in the legislation are not considered sufficient grounds for terminating loan guarantees and demanding early repayment.

US company seeks default judgment against Dagestan company

18:53 20/05/2013 US-based glass engineering firm Henry F. Teichmann, Inc. (Teichmann) filed an affidavit for the entry of a default judgment against Dagestani glass company Caspian Flat Glass OJSC (Caspian) last week based on the failure of the latter to timely respond to a complaint and summons served last month amidst effort to compel arbitration in Zurich.

Regional government seeks $11.4 million in compensation for failed railway

16:07 29/04/2013 The Stavropol Territorial Commercial Court will consider on May 22 a 355 million ruble ($11.4 million) lawsuit filed by the region's construction and architecture ministry against a Moscow company.

Website developer's lawsuit against Ministry of Sports rejected

14:44 29/04/2013 The Moscow Commercial Court has rejected a 72.5 million ruble ($32.3 million) claim filed by First IT Alliance against Russian Sports Ministry and the Federal Tourism Agency.

British company files 120,000 pounds claim against Moscow Circus

10:37 11/04/2013 A British company has filed a 120,000 pounds claim against the Moscow Circus led by Edgard Zapashny with the Moscow Commercial court.

Rosatom subsidiary successfully avoids Canadian proceedings

13:01 05/04/2013 A Canadian court dismissed an appeal filed by Khan Resources Inc. challenging a lower court’s dismissal of its motion to validate, substitute or dispense with service of the statement of claim in a lawsuit against the Russian Atomredmetzoloto (ARMZ) uranium producer.

Russian space giant Energia moves to dismiss $355 mln Boeing suit

17:50 01/04/2013 Russian space giant SP Korolev Rocket and Space Corporation Energia (Energia) filed documents with a US federal court last week seeking the dismissal of a $350 million breach-of-contract lawsuit filed by American aerospace and defense conglomerate Boeing.

Egyptian court removes ban on Australian gold producer's operations

19:06 20/03/2013 Egypt's Higher Administrative Court has canceled the ban which was imposed last October on the gold exploration and mining activities of the Australian Centamin Egypt gold producer, the Egyptian State Council told journalists on Wednesday.

London High Court orders Tajik mogul to pay damages to Russian lender

14:45 13/03/2013 London’s High Court of Justice has ordered Tajik businessman Avaz Nazarov and a company owned by him to pay up for various tort and contract claims arising from the failure to repay millions of dollars in loans granted by Russian businessman Valery Vorobyev.

Airport service company seeks $13.5 mln Defense Ministry debt return

14:53 01/03/2013 Chkalov Avia has filed a 411 million ruble ($13.5 million) claim with the Moscow Commercial Court against the Defense Ministry.

Boeing, Energia file for extension to prepare for space launch hearing

11:57 26/02/2013 Boeing has filed jointly with Russian space giant S.P. Korolev Rocket and Space Corporation Energia (Energia), one of the defendants at the receiving end of Boeing’s $350 million breach-of-contract suit, for a 30-day extension of filing dates with a US federal court.

Ukraine refuses to pay Gazprom $7 bln penalty

15:10 22/02/2013 Ukraine has refused to pay Gazprom a $7 billion fine under its 2009 "take-or-pay" gas supply contract, says Ukrainian President Viktor Yanukovych.

Naftogaz loses $3.9 billion lawsuit against Italian trader

15:15 21/02/2013 Ukrainian oil and gas operator Naftogaz has lost a $3.9 billion lawsuit against Italian gas trader as ruled by the Arbitration Institute of the Stockholm Chamber of Commerce.

John Galliano v. Dior wrongful termination trial begin in Paris

14:06 05/02/2013 Wrongful termination proceedings have begun between disgraced fashion designer John Galliano and the House of Dior at Paris' Labor Relations Court (Conseil de prud'hommes).

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