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St. Petersburg court holds against Okhta Centers $2.6 mln suit

14:08 01/09/2011

MOSCOW, September 1 - RAPSI, Dmitry Shchitov. The North-Western District Federal Commercial Court has upheld the lower courts adverse judgment in the Okhta Centers 75 million ruble ($2.6 million) claim against an archaeological institute, the court told the Russian Legal Information Agency (RAPSI).

The St. Petersburg and Leningrad Regional Commercial Court held against the centers claim on February 21. Meanwhile, the court partially held for the 1.7 million ruble ($58,767) counterclaim filed by the North-Western Research Institute of Cultural Heritage against Okhta for its work performed.

The Russian Academy of Sciences in late December 2010 agreed with scientists that the findings uncovered on the territory of the Okhta Centers public and business area should be preserved.

In February 2011, Okhta filed two lawsuits worth roughly 150 million rubles ($5.2 million) against the Institute of Cultural Heritage. Okhta sought the debt under an April 30, 2009 contract for archeological research on a cultural heritage object.

The Okhta Center planned to construct a public and business center with a 400-meter skyscraper in the middle on the Neva River quay opposite the Smolny Cathedral.

However, the construction was canceled as the remains of neolithic camps and the fragments of the ancient Landskrona and Nyenskans fortresses were found in the area.

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St. Petersburg court holds against Okhta Centers $2.6 mln suit

14:08 01/09/2011 The North-Western District Federal Commercial Court has upheld the lower courts adverse judgment in the Okhta Centers 75 million ruble ($2.6 million) claim against an archaeological institute.
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