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Court to hear Gazprombank $115 mln lawsuit against shipbuilder on Feb.15

Tags: Russia, Moscow
16:56 30/12/2011

MOSCOW, December 30 - RAPSI, Sergei Feklyunin. A commercial court will hold a retrial into the lawsuit by Gazprombank to recover $115.27 million from Vyborg Shipyard on February 15, the court told the Russian Legal Information Agency (RAPSI/rapsinews.com) on Friday.

Gazprombank was established in 1990. It is the parent bank of the group of the same name which combines banking, petrochemical and media assets (Gazprombank group). The bank has 43 branches and five subsidiary and dependent banks. It has a stake in three foreign banks.

Vyborg Shipyard JSC, founded in 1948, is one of the largest shipbuilding companies in the north-western region of Russia. Since 1996 the shipyard has been a private enterprise. Its main focus today is the construction of drilling platforms to develop shelf deposits and platform support vessels.

The plaintiff is demanding to recover from the defendant the loan debt under the August 5, 2011 contract, including 3.7 billion rubles ($114.87 million) of the principal debt.

The preliminary hearings were postponed on December 21 at the request of the defendant, who stated that the parties were holding talks on reaching an amicable agreement.

Judge Kirill Lisitsyn earlier dismissed Gazprombank's appeal for interim relief, in terms of seizing the shipyard's funds in favor of the bank's accounts.

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Court to hear Gazprombank $115 mln lawsuit against shipbuilder on Feb.15

16:56 30/12/2011 A commercial court will hold a retrial into the lawsuit by Gazprombank to recover $115.27 million from Vyborg Shipyard on February 15.
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