Development

Tag: Development

Russian President signs 2030 National Development Goals decree

Russia’s President Vladimir Putin on Tuesday signed a decree on the National Development Goals for the Period Until 2030.

13:49 21.07.2020

Embezzlement case against Rodex Group owner dropped – Russian business ombudsman

A Moscow District Investigative Directorate has closed a criminal case against Rodex Group owner Yevgeny Rodionov, the press-service of Russia’s Business Rights Commissioner Boris Titov informs on Monday.

11:58 20.01.2020

Russian lawmakers adopt fines of up to $8,000 for unfair property developers

The State Duma adopted a bill on fines of up to 500,000 rubles ($8,000) for unfair real estate developers in a final third reading on Tuesday.

13:33 22.10.2019

Moscow court extends detention of businessman accused of $31 mln embezzlement

Moscow’s Tverskoy District court on Thursday extended detention of owner of Optima Development construction company Albert Khudoyan charged with 2-billion-ruble embezzlement (over $31 million) until November 14.

16:30 10.10.2019

Russian investigators seek for arrest of fled Ukrainian-born developer in fraud case

Investigators have petitioned for the arrest of the founder of MosCityGroup developing company Pavel Fuks in absentia as part of a large-scale fraud case.

18:03 07.10.2019

State Duma proposes compensations to defrauded members of housing cooperatives

Russia’s State Duma is to discuss a bill envisaging payments to members of housing construction associations created in the course of bankruptcies of housing project developers prior to the completion of construction of problem-plagued apartment blocks.

17:45 01.10.2019

Key architect of Russia’s Rostov on Don faces trial on negligence charges

A court in Rostov-on-Don in South Russia will consider a criminal case over abuse of office and negligence against the principal city architect Roman Ilyugin.

16:59 12.08.2019

Construction developer detained till mid-August on embezzlement charges

The Moscow City Court on Monday rescinded house arrest of the owner of Optima Development construction company Albert Khudoyan charged with 2-billion-ruble embezzlement (over $31 million) and placed him in detention until August 14.

14:01 08.07.2019

Nordea Bank ends $26 mln suit against Russian developer

Nordea Bank has decided to drop its 773.8 million ruble ($26 million) claim against SU-155, major Russian real estate developer.

17:46 13.02.2013

Palace construction lawsuit against Moscow authorities adjourned

17:02 03.08.2012

Developer's $88 mln lawsuit against Finance Ministry shelved

The Moscow Commercial Court has declared a recess until June 25 into the hearing of a lawsuit filed against the Finance Ministry to recover $88 million in damages under a project on Moscow’s Red Square.

12:59 18.06.2012

Investor steps up claims against Moscow government to $108 mln

The Beryozka Cluster Home Community has increased its claim against the Moscow government from $59 million to $108 million on Thursday.

09:39 28.10.2011

Moscow to terminate dozens of investment contracts worth over $1 bln

The Moscow government will cancel dozens of investment contracts that could aggravate traffic congestion in Moscow. According to Mayor Sergei Sobyanin, the courts are now hearing a number of cancellation cases.

15:00 20.10.2011

Court rules in favor of Moscow government in $25 mln lawsuit

A federal commercial court has upheld the lower-court's decision to dismiss a lawsuit filed by the Specialized Department 197 construction company to recover 714.66 million rubles ($25.5 million) in damages from the Moscow government.

16:24 28.09.2011

Developer increases claim against Moscow government to $178 mln

A Moscow development company increased its claim against the Moscow government from $114.6 million up to $178 million.

16:04 22.09.2011

Hearings against Moscow in $151 mln construction case postponed

The Moscow Commercial Court has postponed the hearings in the lawsuit filed by the Beryozka Villa Community against the Moscow government for levying 4.68 bln rubles ($151.48 mln).

15:29 20.09.2011