Update on Ruric court cases
(Thomson Reuters ONE) -
Press Release
July 17, 2013
Update on Ruric court cases
On July 17, 2013 Ruric subsidiaries had two court hearings in Russia.
Court hearing on Moika - Glinki case is being postponed.
At the request of the defendant Moscow Arbitration Court postponed the hearing
on compensation of claim from LLC Glinki 2 to the Ministry of Defence of the
Russian Federation until September 11, 2013. The Ministry of Defence of the
Russian Federation had no position for the case so they requested extra time to
study the case materials. Representatives of the Ministry of Defence of the
Russian Federation informed Ruric that amicable agreement is not possible and
they will use the time to prepare their objections to challenge the full amount
of the claim. The Court has asked the parties to prepare the final
clarifications on the claim and objections to the claim by September 11, 2013.
Litera LLC has again won the case against AUIPIK.
On July 17, 2013 Litera LLC (Ruric 50% owned company) won the court of appeal to
set-off the incurred capital expenses for restoration of the building at the
Fontanka 57 lit. A in the amount of RUB 84 mln against rental payments for the
use of the building under the lease agreement with the Russian governmental
agency AUIPIK. This fact allows LLC Litera to effectively off-set future rental
payments since August 2013.
For additional information:
Denis Panovitsin, CEO of Ruric Management LLC
Tel: +7 (812) 309-78-95
E-mail: dpanovitsin(at)ruric.com
Web: www.ruric.com
About company:
RURIC AB (Russian Real Estate Investment Company AB (publ) (reg. No.
556653-9705, Hovslagargatan 5 B, SE-111 48 Stockholm)) is a company with Swedish
capital, operating in St. Petersburg commercial real estate market since 2004.
The company is dealing with the investment projects coordination, local and
national market approach consulting, valuation and property trust services. Real
estate portfolio construction and management services are also included.
RURIC's Certified Advisor at First North is Erik Penser Bankaktiebolag
Update on Ruric court cases (.pdf file):
http://hugin.info/141656/R/1717187/570885.pdf
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Source: Russian Real Estate Investment Company via Thomson Reuters ONE
[HUG#1717187]
Unternehmensinformation / Kurzprofil:
Datum: 17.07.2013 - 19:29 Uhr
Sprache: Deutsch
News-ID 279377
Anzahl Zeichen: 3075
contact information:
Town:
Stockholm
Kategorie:
Business News
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