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Court remands airline's $90 mln suit against construction firm

11:12 09/09/2011

MOSCOW, September 9 - RAPSI, Dmitry Shchitov. A federal commercial court remanded KD Avia airline's suit for $90 million against construction firm GS Corporation to a lower court for retrial, the Russian Legal Information Agency (RAPSI) reported from the courtroom.

KD Avia and GS Corporation entered into a contract in 2004 under which the latter was contracted to build airport terminals in Kaliningrad. After paying GS Corporation for the work, KD Avia decided to file suit in order rescind the contract and obtain a refund of the money. It has argued that the contract was not complete due to its lack of a subject and completion deadline.

KD Avia applied for its own bankruptcy at the Kaliningrad Region Commercial Court in September 2009.

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Court remands airline's $90 mln suit against construction firm

11:12 09/09/2011 A federal commercial court remanded KD Avia airline's suit for $90 million against construction firm GS Corporation to a lower court for retrial.
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