MOSCOW, October 28 (RAPSI) – Pharma distributor Grama has appealed a Russian court’s ruling over recovery of about 321 million rubles ($5 million) in favor of Russian unit of the US cosmetic giant Johnson & Johnson, the Moscow District Commercial Court documents read on Friday.
On August 9, the Ninth Commercial Court of Appeals upheld a ruling of the Moscow Commercial Court issued on 21 April.
Johnson & Johnson (supplier) has turned goods over to Grama (customer) under the purchase contract signed on March 23, 2015. The customer received goods without objection to their quality, amount, assortment and value. However, arrear with payments for the goods reached 305.7 million rubles ($4.7 million). The court recognized J&J claims as justified taking into account expiry of the contractual deadline for payment.
The court also collected from the defendant 15.1 million rubles ($232,000) of interest for use of another's monetary assets.
Established in 1886, J&J comprises 250 companies operating in over 57 countries. Its Russian subsidiary has been operating since 1992 and is engaged in medical equipment and diagnostic instrument production, pharmaceutical development and production, and consumer and hygienic goods and contact lens manufacturing.