Sergei Bakeshin told Novy Prospect about the recovery of court costs from one of the participants in the corporate conflict over the Kirovskiy factory

Sergei Bakeshin - Counsel

At the end of August the Arbitration Court of Saint-Petersburg and Leningrad region partially satisfied the application of Georgiy Semenenko, CEO of the Kirovskiy Factory, for compensation of court expenses from one of the minority shareholders of the company – CJSC Doroga, reducing the amount of recovery from 8.6 million rubles to 7.2 million rubles. The application was considered as part of one of the cases related to the corporate conflict around the Kirovskiy Factory. In 2010, CJSC Doroga filed a lawsuit with the arbitration court seeking recovery of more than 570 million rubles in losses from the CEO of the machine-building factory in favor of the factory. The case went through all court instances until it was referred to the Supreme Court, which found no grounds to refer it to the economic board of the Supreme Court of the Russian Federation.

Sergei Bakeshin, head of dispute resolution and bankruptcy practice at Maxima Legal, told Novy Prospect that “the recovery of court costs by the winner is, as a rule, post scriptum – the ‘final of finals’ of any case. By this point the main dispute is over, the winner has been identified and even the amount of money he has spent on the lawsuit has been calculated”. However, according to the expert, the amount of the sum recovered can be reduced, as CJSC Doroga is likely to appeal against the ruling of the Arbitration Court.

To read the full article (in Russian) please visit Novy Prospect website >>>