Contractual obligations

Appeal of $359 mln YUKOS subsidiary loan to be heard Oct. 9

16:32 17/09/2012 The Ninth Commercial Court of Appeals will hear on October 9 an appeal filed by Yukos Capital S.a.r.l. against the ruling invalidating four loan contracts under which the company granted $359.1 million to Yuganskneftegaz.

Developer's $4.25 mln recovery against Moscow government upheld

12:05 17/09/2012 The Ninth Commercial Court of Appeals upheld the decision to recover 129.8 million rubles ($4.25 million) from the Moscow Government in favor of the Inteco construction company in compensation for the construction of a kindergarten.

Bulgaria prepares for court battle with Russia’s Atomstroyexport

18:21 13/09/2012 Bulgaria is prepared to defend its position in court against Russia’s Atomstroyexport; to this end, the Bulgarian authorities have hired the best law firm they could find, Bulgarian Prime Minister Boyko Borissov told BNT, Bulgaria’s local channel.

Russia increases claims to 1 bln euro against Bulgaria in NPP project

14:08 11/09/2012 Atomstroyexport has increased its claims to 1 billion euro against Bulgaria's National Electric Company (NEK) under the Belene nuclear power plant project as part of the case considered by the International Chamber of Commerce's (ICC) International Court of Arbitration.

Russia's oldest truck manufacturer contests $35 mln suit's dismissal

17:13 05/09/2012 Truck manufacturer ZiL has appealed the dismissal of its complaint against its former managing company to collect $35 million.

Federal media agency contract dispute delayed

16:52 05/09/2012 The Moscow Commercial Court has postponed until October 29 its consideration of DataCenter's lawsuit against the Federal Service for Supervision of Communications, IT and Mass Media.

Foreign Economic Bank's $144 mln contract dispute delayed until November 6

12:50 03/09/2012 On Monday the Moscow Commercial Court postponed a hearing for the Foreign Economic Bank's (VEB) lawsuit against major development company Don-Stroy until November 6. VEB is seeking over $144 million in the suit.

Developers appeal of Moscow city damages award to be heard Sep. 19

16:24 30/08/2012 On September 19, the Ninth Commercial Court of Appeals will hear an appeal by the Inteco construction company of a lower court's decision to allow Inteco's recovery of $2.96 million from the Moscow government for a development project.

Lawsuit against IP agency over media monitoring system to be heard Sep.5

17:37 27/08/2012 The Moscow Commercial Court has granted time for an expert appraisal, thus postponing its hearing of the DataCenter's complaint against the Federal Service for the Supervision of Communications, IT and Mass Media until September 5. The company seeks to recover $115,000 from the agency for an online publications monitoring system.

Clothing company contests termination of $124 mln police uniform contract

16:47 27/08/2012 Russian clothing company Shveyprom has challenged the Moscow Commercial Court's decision to terminate a public police uniform contract worth $124 million.

Stena RoRo to collect $37.7 mln from shipyard as secondary creditor

14:41 27/08/2012 The Thirteenth Commercial Appeals Court has upheld a lower court decision satisfying Swedish shipyard company Stena RoRo's complaint to recover $37.7 million from the Baltiysky Zavod shipyard after its primary creditors receive their debt payments.

Inteco contests damages awarded against City of Moscow

13:56 27/08/2012 The Inteco development company has appealed a $3 million award for damages after the Moscow government failed to perform a development contract.

АirBaltic claims sureties in Investbank dispute are fake

11:52 23/08/2012 An AirBaltic representative has alleged that surety contracts at issue in a case launched against the airline company by Investbank were forged, the court spokesperson told the Russian Legal Information Agency (RAPSI/rapsinews.com). Baltijas Aviacijas Sistemas is co-defendants in the case with Latvian national airline AirBaltic. Between two complaints, the bank is seeking a total of 13.5 million euros from Baltijas Aviacijas Sistemas as the borrower and AirBaltic as the guarantor.

Moscow's $206 mln investment breach dispute to be reviewed in October

13:50 21/08/2012 The Moscow Commercial Court will reconsider on October 9 a complaint filed by multipurpose construction project Beryozka Cluster Home Community to collect $206 million from the Moscow government.

Timchenko sues Gazprom for $3 mln

11:29 21/08/2012 On Monday the Moscow Commercial Court set October 8 to hear a complaint filed by Gennady Timchenko's Stroytransgaz to recover $3 million from Gazprom.

Penitentiary service sues SMP Bank for $920k

14:48 20/08/2012 The Moscow Commercial Court will hear on October 24 the Penitentiary Service's lawsuit to recover $920,000 from SMP Bank.

Lawsuits against airBaltic worth 13 mln euro to be heard on August 22

15:31 15/08/2012 The Moscow Commercial Court has adjourned until August 22 the Investment Bank's two lawsuits to recover 13.5 million euro from Latvia's airBaltic and Baltijas Aviacijas Sistemas.

Moscow to pay $7.25 million for disrupting luxury housing project

17:29 13/08/2012 The Moscow Commercial Court has recovered $7.26 million in losses for the disruption of elite housing construction from the city government for the Film Directors Guild's Trading House Forum-XXI.

Hearings in NLMK lawsuit against Maximov postponed

15:54 10/08/2012 The Moscow Commercial Court has adjourned until August 17 the preliminary hearings in the Novolipetsk Steel's (NLMK) lawsuit to recover $400 million from Maxi Group founder Nikolai Maximov.

Dismissal of Defense Ministry's action against airline not to be reconsidered

16:17 08/08/2012 The Supreme Commercial Court has dismissed the Defense Ministry's application to submit for reconsideration to its presidium the refusal to recover $44 million from Polyot Airlines under a lease contract.

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