MOSCOW, February 15 - RAPSI. An appeals court will hear on March 20 Technointorg's appeal against the court decision to collect $143 million for the Russian Technologies Corporation.
On December 20, the court fully satisfied the state corporation's lawsuit against Technointorg and ordered the latter to pay 4.061 billion rubles ($134.9 million) in unjust enrichment and 264.1 million rubles ($8.8 million) in interest.
The state-run Technointorg was engaged in constructing federal high technology centers as part of a national "Health" project. The Russian Technologies Corporation was the customer.
The claimant said at the hearing that the parties entered into a construction contract on February 25, 2007. Technointorg committed to build eight medical centers. The parties then signed a supplementary contract in 2009 whereby Technointorg was to build only one medical center in Chelyabinsk.
Meanwhile, the Russian Technologies Corporation paid Technointorg for all eight centers. Thus, the state corporation sought to recover the prepaid funds.
Established in 1979 Technointorg is controlled by the Ministry of Economic Development and is engaged in foreign economic activities.
Russian Technologies State Corporation (Rostekhnologii) unites 439 companies, which produce 23 percent of the defense equipment in Russia. Its assets include Oboronprom, VSMPO Avisma, AvtoVAZ, KAMAZ, Yota and Russian Electronics corporation.