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Moscow court refuses to seize Siemens subsidiary’s property

16:56 08/09/2017

MOSCOW, September 8 (RAPSI) – The Moscow Commercial Court has dismissed an application by the German Siemens Aktiengesellschaft to seize four gas turbine units produced by Siemens Gas Turbines Technologies, according to court records.

The court held that there are no legal grounds for granting the motion.

On August 18, the court dismissed a similar request lodged by the German company for interim measures as part of a lawsuit by Russian Technopromexport, a subsidiary of state corporation Rostec, over alleged supplies of the Siemens turbines to Crimea. The company asked to forfeit four turbines made by Siemens Gas Turbines Technologies.

Earlier, prominent German conglomerate Siemens filed lawsuits with a Moscow court against Russian Technopromexport over alleged turbine supplies.

Siemens believes that these actions are in clear violation of the conglomerate’s distribution contracts prohibiting a client to provide equipment to the region. Siemens initiated investigation against persons responsible and filed lawsuits with the Moscow Commercial Court seeking cancellation of all additional provisions to Crimea and return of equipment to its original point of destination.

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Moscow court refuses to seize Siemens subsidiary’s property

16:56 08/09/2017 The Moscow Commercial Court has dismissed an application by the German Siemens Aktiengesellschaft to seize four gas turbine units produced by Siemens Gas Turbines Technologies.
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