Dmitry Uryakin has explained to Mashnews why the court was able to recover almost RUB 17bn from Volkswagen under the framework agreement
The Commercial Court of the Nizhny Novgorod Region, applying Swiss law, recovered RUB 16.9 bn from Volkswagen Acciengesellschaft in favour of Gorky Avtomobilny Zavod (Gorky Automobile Plant). The companies entered into a contract under which Volkswagen undertook to supply diesel engines and spare parts to Nizhny Novgorod. At the same time,…
01.08.2024
Kommersant newspaper, RBC and Novy Prospect quoted Sergei Bakeshin's opinion on the seriousness of Alfa-Bank's intention to bankrupt Tochka Zreniya opticians’ chain
Alfa-Bank has filed a bankruptcy petition against Tochka Zreniya SPb LLC , which manages the eponymous chain of 22 opticians in St Petersburg and Moscow. The amount of claims is RUB 65.3 mn. This is not the first case between Alfa-Bank and Tochka Zreniya in this year; earlier the bank had already obtained a court decision to recover more than…
26.07.2024
Sergei Bakeshin has outlined for Mashnews the prospects for Baltic Shipyard to recover €7.6m from Wartsila Oyj Abp
The Thirteenth Commercial Court of Appeal recovered from Wartsila Oyj Abp in favour of Baltic Shipyard the amounts of bank guarantees in the amount of almost EUR 7.6 million for non-delivered equipment. In its ruling, the court stated that Wartsila Oyj Abp could not refuse to fulfil its obligations ‘due to the fact that the circumstances in which…
23.07.2024
Sergei Bakeshin has commented for Mashnews on attempts by processed Karat cheese producer to recover €4.8 million from French counterparties Sas Steap Stailor and SA Societe Generale
Karat-Togliatti, the Samara-based subsidiary of processed Karat cheese producer, is suing Sas Steap Stailor. The French company failed to supply equipment for the plant in Togliatti, explaining its failure to fulfil its obligations by sanctions despite the fact that the restrictive measures imposed by the EU do not apply to the supply of…
18.07.2024
Sergei Bakeshin has explained to DP what affects the cost of bankruptcy litigation
‘DP-Analytics. Legal Services Market’ research conducted by Delovoy Peterburg newspaper showed that in the first half of 2024, bankruptcy disputes in St Petersburg were the most expensive in terms of legal support - about RUB 5.7 mn for three instances. At the same time, according to Fedresurs, the region ranked third in terms of the number of…
15.07.2024
Dmitry Uryakin told Pravo.ru about the position of the Supreme Court of the Russian Federation on the application of the norm on unjustified enrichment
This week the Supreme Court of the Russian Federation will consider a case concerning the recovery of money transferred by oral agreement via Sberbank Online for the provision of a legal service relating to the re-registration of the designation of immovable property. Three lower courts ruled that the transfer was unjust enrichment, as the…
15.07.2024
Kirill Katkov explained to DP how the case of the cancellation of the agreement between St Petersburg Administration and the company of the billionaire Traktovenko's son can be useful for SEZ residents who find themselves in a similar situation
Baltengineering LLC, according to SPARK data, 24% owned by Vyacheslav Traktovenko, son of billionaire David Traktovenko, planned to invest about RUB 25 mn in the development and production of automated systems for active substances and pharmaceutical substances in the St Petersburg Special Economic Zone (SEZ). However, the project implementation…
10.07.2024
Natalia Demina explained to DP why Russian courts rejected the couple's lawsuit against the Finnish State Council
In 2017, the Ivanov couple purchased a plot of land with a house in Finland for 180,000 euros, which they subsequently used for holidays. However, in 2022, due to the tightened sanctions against Russia, the couple were denied entry to the neighbouring country. This circumstance forced the Ivanovs to file a lawsuit with the Commercial Court of St.…
25.06.2024
Elizaveta Pastushenko assessed for Pravo.ru what position the Supreme Court of the Russian Federation may take in a dispute over the lawfulness of entering into a gift agreement on the basis of a general power of attorney
This week the Supreme Court of the Russian Federation will review a dispute in which the defendant has deprived heirs of real estate on the basis of a general power of attorney. The power of attorney was issued while the principal was still alive and was later used by the trustee to enter into a gift agreement. The state registration of the gifted…
24.06.2024
Sergei Bakeshin analysed for RBC how the investigation into the manipulation of SPB Exchange shares may develop
The Investigative Committee has opened a criminal case under part 2 of article 185.3 of the Criminal Code of the Russian Federation for manipulation of trading in SPB Exchange shares. The case concerns a situation with a false bankruptcy petition of SPB Exchange, which in November 2023 led to a 35% collapse in the stock prices of the trading…
18.06.2024