MOSCOW, September 27 - RAPSI. The Moscow Commercial Court has held for Glavmosstroy, which is controlled by oligarch Oleg Deripaska, in its claim against the municipal government of Moscow, thus granting the requested $1.35 million recovery sought by the company, a court spokesperson told the Russian Legal Information Agency (RAPSI/rapsinews.com) Thursday.
The court has awarded Glavmosstroy 40.54 million rubles ($1.29 million) in unjust enrichment damages and 1.85 million rubles ($59,320) in accrued interest.
The construction company sought to recover funds from the defendant in connection with an investment project for construction in Moscow's Tushinsky district. This included several residential buildings, as well as non-residential premises in eight buildings. According to the investment contract, 40 percent of the non-residential premises would belong to the Moscow government, while 60 percent to Glavmosstroy. The company believes that after the non-residential premises were divided up, 324 square meters in excess of the agreement were transferred to the government.
This area is valued at 40.5 million rubles.
The company also demanded the recovery of the interest accrued.
The Moscow government has objected to the ruling.
This is not the first dispute between Glavmosstroy and the Moscow government that has been considered in the commercial court. On September 25, the Moscow District Federal Commercial Court upheld the appellate court's decision to dismiss Glavmosstroy's $11 million lawsuit against the Moscow government.
The company sought damages that allegedly resulted from the disruption of an investment contract to build four blocks of luxury housing in the capital but its claims were turned down.
Established in 1954, Glavmosstroy is a civil engineering company associated with the Glavstroy Holding, whose parent company is Deripaska's Basic Element.