Summa Group subsidiary moves to appeal 8 bln debt to VTB bankGlobal Electro Service, a subsidiary of Summa Group, has appealed a decision of the Moscow Commercial Court granting a debt claim in excess of 8 billion rubles (over $128 million) lodged by the VTB bank.11:42 25.02.2019
Summa subsidiary’s $260 mln claim against Magomedov brothers set for March 25The Moscow Commercial Court has set March 25 as a date for hearing a claim filed by a temporary manager of Summa Group’s subsidiary GlobalElectroService seeking to recover 17.1 billion rubles (about $260 million) from the Group owner Ziyavudin Magomedov, his brother Magomed and 14 other defendants.10:35 08.02.2019
Summa Group subsidiary ordered to pay Yakut company $6 millionThe Moscow Commercial Court has granted a claim lodged by the Yakut Fuel and Energy Company, a subsidiary of Summa Group, demanding to recover over 366 million rubles (about $6 million) from Transengineering company.10:45 06.02.2019
Russian Credit’s claim against ex-banker Motylev set for March 11The Moscow Commercial Court has scheduled a claim filed by the Russian Credit bank seeking to include a debt of ex-head of the banking group Anatoly Motylev worth nearly 33.3 billion rubles ($508 million at the current exchange rate) in the creditors’ list for March 11.10:55 05.02.2019
Summa Group subsidiary’s debt acknowledged by courtThe Moscow Commercial Court has granted two claims lodged by VTB bank seeking to add an 8.5-billion-ruble debt (over $128 million) of Global Electro Service, a subsidiary of Summa Group, into creditors' list.10:54 23.01.2019
Creditors demand $500 mln from former FIFA World Cup’s IT contractorLenders including companies and individuals have filed claims with the Moscow Commercial Court seeking to add a debt of Asteros company, a former IT contractor for the FIFA 2018 World Cup in Russia, totaling to 33 billion rubles (about $500 million), to the list of creditors' claims.10:54 21.01.2019
Ruling on recovery of $26 mln from ex-CEO of Russian tour operator overturnedThe Ninth Commercial Court of Appeals has overturned a ruling ordering recovery of 1.75 billion rubles (over $26 million) as liability for debts from Dmitry Fesik, ex-CEO of Yuzhny Krest (Southern Cross) Travel company.14:48 18.01.2019
Sberbank seeks bankruptcy of Russian citizen for his $94 mln debtSberbank has filed a bankruptcy petition against Russian citizen Sergey Chernov owing 6.3 billion rubles ($94 million) to the financial organization.12:23 15.01.2019
Sberbank demands $61.5 mln from Yakut subsidiary of Summa GroupRussia’s Sberbank has filed two applications seeking to collect over 4.1 billion rubles ($61.5 million) in debt from the Yakut Fuel and Energy Company, a subsidiary of the troubled Summa Group.10:50 27.11.2018
Russian court of appeals refuses to recover $5 million from ProbusinessbankThe Ninth Commercial Court of Appeals has upheld a lower court’s ruling refusing to recover over 327 million rubles (about $5 million) of losses from Probusinessbank in favor of two creditors of the bank, WAY M and NEO Engineering companies.10:53 26.11.2018
Svyaznoy ex-owner owes $163 mln to two firmsThe Commercial Court of Kaluga Region has granted claims filed by companies Lonestar Enterprises Ltd (British Virgin Islands) and Svyaznoy Logistics seeking to include an 11-billion-ruble debt ($163 million) of ex-owner and founder of Svyaznoy retailer Maxim Nogotkov into the list of creditors.10:53 12.11.2018
Moscow court rules Donstroy co-founder owes $168 million to VnesheconombankThe Moscow Commercial Court has granted a motion filed by Vnesheconombank seeking to include a 11.1-billion-ruble ($168 million) debt owed by Donstroy company’s co-founder Maksim Blazhko into the list of creditors' claims.10:51 12.10.2018
VIM Airlines challenges court ruling on $44 million debtVim Airlines has filed an appeal against a ruling of the Commercial Court of Tatarstan granting a claim filed by RNGO company, which sought to include a 3 billion-ruble ($44 million) debt of the troubled air carrier into the creditors’ demands list.10:39 03.10.2018
Russian DIA seeks to recover $328.2 million from Tatfondbank’s ex-chairmanThe Deposit Insurance Agency (DIA) of Russia representing interests of Tatfondbank has filed an application with the Commercial Court of Tatarstan seeking to include 21.5 billion rubles ($328.2 million) into the creditors demands list against the bank’s ex-chairman Robert Musin.15:59 02.10.2018
Sberbank seeks to recover $53 million from FIFA World Cup’s IT contractorRussia’s largest bank, Sberbank, has filed a motion with the Moscow Commercial Court, seeking to include a 3.6-billion-ruble ($53 million) debt of Asteros company, an IT contractor for the FIFA 2018 World Cup in Russia, into the creditors’ demands list.11:28 31.08.2018
Russian court rules troubled VIM Airlines owes $44 million to creditorThe Commercial Court of Tatarstan has granted a claim filed by RNGO company seeking to include a 3 billion-ruble ($44 million) debt of the troubled VIM Airlines into the creditors’ demands list.10:59 30.08.2018
Applicants seek to recover $44.1 million from FIFA World Cup’s IT contractorSeveral Russian organizations have filed motions with the Moscow Commercial Court seeking to recover about 3 billion rubles ($44.1 million) in debt from Asteros company, an IT contractor for the FIFA 2018 World Cup in Russia.10:59 13.08.2018
Bailiffs to be authorized to conduct investigation into collectors - billThe State Duma passed in the third and final reading on Tuesday a bill authorizing court bailiffs to conduct administrative investigation into debt recovery firms.15:22 17.07.2018
Recovery of $283,000 from IKEA affiliate in favor of Gazprom subsidiary upheldThe Tenth Commercial Court of Appeals has upheld a lower court’s order to collect 16.6 million rubles (about $283,000) from IKEA Centers Rus Property A in favor of Gazprom gazoraspredeleniye Voronezh, a subsidiary of Russia’s oil giant Gazprom.13:22 03.07.2018
Moscow court upholds recovery of $52 million from Russian Land BankThe Moscow District Commercial Court has upheld recovery of 3.1 billion rubles (nearly $52 million) from two ex-managers of the Russian Land Bank Alexander Safronov and Timur Tchatchukh.11:37 24.05.2018