Polonsky's co-investors sue his former company for $47 millionCyprus-registered Bockmer Ventures Limited filed a lawsuit on Tuesday with the Moscow Commercial Court against Sergei Polonsky's former company Potok & 0458 (formerly Mirax City).13:50 13.02.2013
Mirax Group fraud case transferred to investigatorsThe criminal case on fraud concerning Mirax Group developer employees is being investigated by the Interior Ministry's Investigative Department.12:29 28.11.2012
Developer loses $11 mln claim against Moscow governmentThe Moscow District Federal Commercial Court has upheld the appellate court's decision to dismiss Glavmosstroy's $11 million lawsuit against the Moscow government.18:10 25.09.2012
Foreign Economic Bank's $144 mln contract dispute delayed until November 6On Monday the Moscow Commercial Court postponed a hearing for the Foreign Economic Bank's (VEB) lawsuit against major development company Don-Stroy until November 6. VEB is seeking over $144 million in the suit.12:50 03.09.2012
Red Square project developer wins $46.7 mln from Finance MinistryOn Friday the Moscow Commercial Court partially upheld Sredniye Torgovye Ryady's lawsuit claiming $46.7 million in damages from the Finance Ministry with regard to a project on Moscow's Red Square.12:45 20.07.2012
$114 mln suit against Red Square project developer to be heard on July 16The Moscow Commercial Court declared a recess until July 16 in hearing the lawsuit by the Deposit Insurance Agency, the Mezhprombank bankruptcy receiver, to recover from the Sredniye Torgovye Ryady development company $114 million.13:48 09.07.2012
Foreign Economic Bank sues developer for $145.5 mlnThe Moscow Commercial Court accepted the Foreign Economic Banks (VEB) action against the Don-Stroy development company to recover $145.5 million in debt.16:46 05.07.2012
Bankruptcy procedure regarding PIK Development extendedThe Moscow Commercial Court has extended for six months on Thursday SMU-9's (formerly known as PIK-Development) bankruptcy procedure.15:13 14.06.2012
Major developer's owner remains abroad after office searched in RussiaPrimary owner of Miel investment and development holding company Grigory Kulikov has remained in Latvia on his business trip. The Interior Ministry's main investigative directorate searched Miel's offices last Thursday.11:23 04.06.2012
Moscow's appeal against $11 mln award for developer to be heard on May 23The Ninth Commercial Court of Appeals has declared a recess in the hearing of the Moscow government's appeal against awarding the Glavmosstroy construction company $11 million in damages.14:46 21.05.2012
Lawsuit for $20 mln from Moscow for palace renovation to be handled on July 13The Moscow Commercial Court has scheduled July 3 as the hearing date for UniversStroyLux construction company's lawsuit against Moscow government to recover approximately $20 million for restoring a palace in Kolomenskoye park reserve.11:32 14.05.2012
Appeals court upholds $10 mln award for investor from Moscow governmentThe Ninth Commercial Court of Appeals has upheld the recovery of $10 million instead of the $221 million initially claimed from the Moscow government for the Beryozka Cluster Home Community.15:06 10.05.2012
$191 mln dispute between developer and Moscow suspended until June 5The Ninth Commercial Court of Appeals has suspended until June 5 its hearing of the Kurskaya Ploshchad development company's appeal against a court judgment awarding it $30.4 million instead of $191.2 million in a lawsuit against the Moscow government.14:52 10.05.2012
Baturina withdraws $28 mln suit against Olymp-2014 developerRussia's richest woman Yelena Baturina, the wife of former Moscow mayor Yuri Luzhkov, has withdrawn her lawsuit to cancel her purchase of the Olymp-2014 company. The court has terminated proceedings in the case.10:35 27.04.2012
$19.4 mln Moscow palace renovation dispute to be heard on May 14The Moscow Commercial Court will review for the second time on May 14 the UniversStroyLux's lawsuit to recover from the Moscow government $19.4 million in debt to construct a palace in the Kolomenskoye park and preserve.17:43 25.04.2012
Developer's $122 mln lawsuit against Finance Ministry to be handled on May 18On Friday the Moscow Commercial Court postponed until May 18 its hearing of the Middle Shopping Mall's claim against the Finance Ministry for $122 million in expenses for a Red Square project.11:41 20.04.2012
Proceedings in $36 mln action against PIK Group terminatedThe Moscow Commercial Court accepted on Wednesday the application by Imex Capital Incorporated Ltd on the withdrawal of its $35.94 million lawsuit against PIK Group and terminated proceedings in the case.12:35 11.04.2012
Successor restructures Mirax Group debtsThe Potok8 company owned by construction tycoon Sergei Polonsky has announced plans to restructure the debts of the Mirax Group at a meeting with investors.17:59 10.04.2012
$36 mln suit against leading developer suspended until April 11The Moscow Commercial Court has suspended until April 11 its hearing of a $36 million lawsuit filed by Imex Capital Incorporated against the PIK Group developer.14:15 05.04.2012
Limitations removed from PIK Group's frozen sharesThe Court of Cyprus has removed the limitations from 8.29 percent of shares in PIK Group that belonged to Holborner Services Limited (Holborner) and were later frozen under an application filed by Forienst Investment Limited (Forienst), which is owned by PIK co-founder Kirill Pisarev.16:47 03.04.2012