Judge Dmitry Kotelnikov dismissed the counterclaim on the recognition of MCG undetermined period of sponsorship. The defendants were guarantors on the loan of 167 million dollars, issued by the Bank CJSC "Timiryazevskaya" (third person in the case) in April 2008. Initially, the bank sued to 198.36 million dollars, but on Wednesday the claims were reduced. Lawyer at Alfa Bank, said that in March, was carried out payment, which was sent to the payment of interest on the loan. The defendants had previously stated that this claim it is a secondary recovery of the same amount. The representative of the defendants referred to the award of Moscow, who in February at the suit of Alfa-bank entities to MosCityGroup LLC "Relay" and CJSC "Timiryazevskaya" exacted 198.365 million dollars, including 167 million dollars of principal. The suit was associated with the loan agreement signed by the bank and the company "Timiryazevskaya" in April of 2008, maturing in April 2009. "Relay" to sponsor the loan. This claim of Alfa-Bank is associated with the same credit agreement. On Wednesday, the court rejected the defendants' statement of disqualification of a judge Kotelnikov. The statement was motivated by doubts about the impartiality of the judge, as the defendants were notified of court proceedings only once. However, the meeting noted that the rules of the Arbitration Procedure Code provides that a party after the initial notification of the process itself should monitor the progress of the hearing. In addition, among all respondents were at the meeting. MCG lawyer said the decision on the borrower, has entered into legal force, and the bank had received the writ. According to respondents, the surety may be required to collect from the borrower the amount foregone, rather than the entire amount of the debt. Media reported that Sanovia Enterprises Ltd and Surinol Trading & Investments Ltd owned by LLC "Relay". Today the company, "Relay" liquidated. The Moscow Arbitration Court on July 5 to yet another claim of the bank decided to recover from the JSC "Timiryazevskaya" 20.167 million, including $ 20 million principal amount of the loan agreement which was concluded in November 2009. Borrower on the loan stood developer MCG, the defendant was the guarantor of the loan. According to media reports, MCG in 2008, took a loan from Alfa-Bank in the amount of 167 million dollars. The funds were intended to buy a developer Capital Group half of the project "Island Istria" – by 1.1 thousand hectares in the 55-km Riga highway in the suburbs. There MCG company planned to build 1.5 million square meters of low-rise housing. Plot, which is to purchase state farm structures Fuchs owned company "Timiryazevskaya" became collateral for the loan. The media also reported that the MCG and Alpha Bank had planned to collaborate on the project "Kyiv-city" in the Ukrainian capital. MCG was founded in 2006. Project portfolio – about 7 million square meters. Among the projects MCG two skyscrapers in "Moscow-City» – Eurasia Tower (211,000 square meters) and Imperial Tower (280,000 square meters). MCG also has a five-star hotel, "Peter" at the hotel "Budapest". In addition, Fuchs, according to the newspaper "Kommersant", is one of the largest owners of LLC "Major League Trust ', which owns 27.45% of a sports complex" Olympic "in Moscow. Alpha Bank, founded in 1990, is among the ten largest in Russia. In 2010, the Bank received a net profit under RAS in the amount of 2.993 billion rubles, as against a loss of 2.1 billion rubles a year earlier. According to the annual financial statements under IFRS for 2010, Alfa-Bank has shown a record during its lifetime earnings of $ 553 million, 7.2 times more than in 2009.
You are here : World News – Russian opinion» WORLD» The Court granted the petition of Alfa-Bank to MSG developer to recover $ 178 million
Recent Comments
Related Posts
Christian, Mormon doctrinal differences
EDITOR'S NOTE: The following information is adapted from the ...
Perry needs Palin (and vice versa) [Meh!
After seeing Texas Gov. Rick Perry's lackluster performance ...
Climate Change: Rapid Spike in Carbon Dioxide Emissions Shocks Researchers
International attempts at climate regulation have failed on a ...
If Herman Cain doesnt win the GOP nomination it wont be because of his current problem
Weve seen this movie before. The last time ...
Obama’s Drug Shortage Demagoguery
President Obama couldn't wait to trample over the legislative ...
Hot Topics
Tags
Accident America and antiterror aviation Company Construction court Crime demonstrations and rallies Dmitry Medvedev ecology Economy Education election element Energy explosion family and children fires Government health Holidays Housing in Industry Internet law enforcement Libya Middle East Movies Music not president Progress Russia RUSSIA Sports Transport unrest war Weapons weather won WORLD