Supreme Court upholds non-recognition of CAS decision to recover €350,000 from FC DynamoRussia’s Supreme Court upheld a lower court’s ruling to refuse recognition and enforcement of a decision of the Court of Arbitration for Sport (CAS), which had earlier said that €350,000 were to be recovered from FC Dynamo Moscow in favor of English Lucid Sports Group Ltd in relation to the preparation of transfer of Ghanaian footballer Abdul Aziz Tetteh.14:14 04.12.2020
Lawyer Tretyakov again challenges refusal to review $4.5 mln recovery rulingLawyer Igor Tretyakov has filed an appeal against refusal to reconsider recovery of 308.5 million rubles ($4 million) from him, according to the records of the Tenth Commercial Court of Appeals.11:57 04.12.2020
Moscow court satisfies VTB claim as to recovery of $873M from companyThe Moscow Commercial Court has ruled in favor of VTB bank answering its claim to recover $873 million from company Otkrytye Promyshlennye Investitsii (OPI) under a loan agreement.18:00 26.11.2020
Six ex-executives of Vneshprombank lose cassation appeals against property seizureThe Moscow District Commercial Court has dismissed cassation appeals of six former top managers of Vneshprombank against seizure of their property.10:26 18.11.2020
Former top managers of Bank Otkritie challenge $3.6 mln ruling against themFormer top managers of the Financial Corporation Otkritie have filed appeals against the Moscow Commercial Court’s ruling recovering 289.5 million rubles ($3.6 million) from them in favor of the bank.12:23 30.10.2020
Navalny’s foundation loses appeal against $1.4 mln ruling in dispute with food supplierA cassation appeal filed by a foundation established by Alexey Navalny against a ruling ordering the blogger and his associate Lyubov Sobol to pay 88 million rubles ($1.4 million) in favor a company supplying food to school has been dismissed.18:04 27.10.2020
Appeal of former MInBank managers against $2.5 bln recovery ruling set for winterThe Ninth Commercial Court of Appeals will hear and appeal of ex-top managers of the Moscow Industrial Bank (MInBank) against an order to pay 198.06 billion rubles (over $2.5 billion at the current exchange rate) in damages on December 2.11:26 22.10.2020
Probusinessbank’s $30 mln claim against ex-CEO of collector agency dismissedThe Moscow Commercial Court has dismissed an application filed by Probusinessbank seeking to collect over 2 billion rubles (about $30 million at the current exchange rate) from ex-CEO of Life collector agency Sergey Kalachev sentenced earlier to 6.5 years in prison for embezzling the bank’s funds.10:53 22.10.2020
Russian Justice Ministry proposes signing of Convention on Recognition of Foreign JudgmentsRussia’s Justice Ministry has asked the Government to pass a recommendation to sign the Convention of 2 July 2019 on the Recognition and Enforcement of Foreign Judgments in Civil or Commercial Matters.11:44 20.10.2020
Bankruptcy procedure against Svyaznoy ex-owner extended once moreThe Commercial Court of Kaluga Region has again prolonged sales of assets of ex-owner and founder of Svyaznoy retailer Maxim Nogotkov for four months as part of bankruptcy proceedings against him.10:47 13.10.2020
Moscow District Commercial Court seizes $62 mln assets from Eurocommerce Bank ex-managersThe Moscow District Commercial Court has decided to attach assets worth 4.8 billion rubles ($62 million) belonging to four former top managers of Eurocommerce Bank upon a claim of the Russian state corporation Deposit Insurance Agency (DIA).10:48 12.10.2020
Recovery of over $2.5 bln from former Moscow Industrial Bank managers appealedFormer top managers of the Moscow Industrial Bank (MInBank) have challenged a ruling on recovery of 198.06 billion rubles (over $2.5 billion at the current exchange rate) in damages from them jointly.10:42 09.10.2020
Guard firm’s license recall over kindergarten murder confirmed in cassationPrivate security firm Svyatogor whose employee had let a kid murder enter a kindergarten in Naryan-Mar, a town in the Nenets Autonomous Area, lost a cassation appeal against revocation of its license.15:34 25.09.2020
Russia’s deposit insurer files one more multimillion claim against Yugra bank ex-managersThe Deposit Insurance Agency (DIA) has lodged one more claim against ex-owner of Bank Yugra Alexey Khotin, ex-board chairman Dmitry Shilyayev and several other individuals and legal entities seeking to recover over $97 million from them.10:23 24.09.2020
VIM Airlines seek to restrict ex-air carrier managers’ departure from RussiaVIM Airlines filed a motion to temporarily ban departure from Russia for the former company’s co-president Rashid Mursekayev and his wife Svetlana.10:50 18.09.2020
Four bankrupty petitions against UTair air carrier to be heard in late SeptemberThe Commercial Court of Khanty-Mansi Autonomous Area has postponed four bankruptcy petitions against UTair airline until September 28.10:47 08.09.2020
Appeal against recovery of $60 mln from Ukrainian bank in favor of Moscow firm dismissedRussia’s Supreme Court has returned a complaint of Ukrainian Prominvestbank about the recovery of a $60 million debt arising from an assignment agreement in favor of Moscow CaptialYugInvest company without consideration.13:00 03.09.2020
Monitoring procedure initiated against Russian Xiaomi reseller following bank petitionThe Moscow Commercial Court has introduced a monitoring procedure against Retentiva Distribution Company, a reseller of Xiaomi in Russia, upon an application of Bank Otkritie.19:21 31.08.2020
Moscow court rules in favor of MInBank seeking to recover $2.7 bln from its ex-managersThe Moscow Commercial Court granted a claim of the Moscow Industrial Bank (MInBank) represented by Russia’s Central Bank, which had sought to recover from 18 persons earlier controlling this credit organization 198.06 billion rubles (about $2.7 billion).12:30 31.08.2020
Petition to quash recovery of $3.2 mln in favor of Russian firm returned to BelarusThe Moscow Commercial Court has returned to the Republic of Belarus, represented by the country’s Council of Ministers, its plea to reverse a ruling of a commercial court to recover $3.2 million in favor of Russian construction firm Management Company Davinchi.17:43 14.08.2020