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Court to hear Finance Ministry's $427 mln claim against major fishing company

14:14 05/12/2011

MOSCOW, December 5 - RAPSI, Natalia Belova. An appeals court will hear on January 10 an appeal filed by the Finance Ministry against the court's dismissal of its $427.2 million lawsuit against a major fishing company, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com).

The ministry sought to recover unjustified enrichment from the Murmansk Trawl Fleet after the company illegally used six fishing vessels that had been purchased for the fleet by the federal government. The ministry based its claim figure on the fleets fishing activities over the past nine years when it illegally utilized the fishing vessels.

The ministry told the court that the fleet was obligated to repay the cost of the vessels under a liability commitment that has been recognized as invalid. The debt was eventually recovered via legal proceedings. However, the ministry is now seeking to recover unjustified enrichment from the fleet.

The Moscow Commercial Court held against the ministry's claim in late September. The court also held against its 1.15 million euro claim against Sudoimport in the same case. Sudoimport entered into contracts on the fleet's behalf. The ministry sought to recover the agency fee from it.

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Court to hear Finance Ministry's $427 mln claim against major fishing company

14:14 05/12/2011 An appeals court will hear on January 10 an appeal filed by the Finance Ministry against the court's dismissal of its $427.2 million lawsuit against a major fishing company.
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