Legal

Rostov Arbitration Court obliges Mechel to return 12.7 billion rubles to Rostov Electrometallurgical Plant

On July 13, 2017 the Rostov Regional Arbitration Court recognized the claims of Atrix BV and the Rostov Electrometallurgical Plant (REMZ) to recover damages caused by Mechel Group companies, the pr

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Supreme Court not to review acts of recovery from non-government pension fund Mechel 168 million rubles on the lawsuit by UTair

The Supreme Court of the Russian Federation will not review judicial acts on recovery of 168.1 million rubles of unjust enrichment from Pallada Asset Management (trustee of the Mechel pension savin

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Minority shareholder of Korshunovsky GOK disputes loan guarantees

The completed the restructuring of loans with state-owned banks Igor Zyuzin’s Mechel has faced a potential problem.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

The Arbitration Court cancelled decision on suspension of proceedings in the action of Mechel against the Central Bank of the Russian Federation

The Ninth Arbitration Appeal Court cancelled the decision of the court of first instance, which suspended legal action of JSC “Mechel” on invalidating the decisions and regulations of the Bank of Russia to impose an administrative penalty on the company, according to the court records.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Court resumed hearings of the case concerning the accident at “Raspadskaya”

As previously reported by TASS, the court took a decision to suspend the hearing of the case due to illness of three of the eight defendants.
Mezhdurechensk city court in the Kemerovo region resumed the criminal trial on the accident and the death of 91 people at the “Raspadskaya”, suspended due to the illness of three accused in early April. Chief Assistant Prosecutor for public relations in the Kemerovo region E.Tushkevich said to TASS.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Russian steelmakers want to export without surcharges.

The government is thinking about canceling the extra charge for JSC Russian Railways.
As "the Kommersant" informs, the government agreed to consider the complete abolition of export charge to the tariff of JSC Russian Railways on the transport of steel products. Steelmakers raised this topic at a meeting of with the Deputy Prime Minister Arkadiy Dvorkovich, fearing that they cannot maintain export volumes in 2016, and thus lose the right to the cancellation of extra charge under the current monopoly conditions. At the same time FAS believes that it is necessary to separately consider "each case". Experts believe that steelmakers need to provide an additional influx of goods.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Sberbank suspends legal action against Mechel

Sberbank of Russia has suspended all proceedings and legal formalities against its debtor - the company “Mechel”, the head of Sberbank G.Gref stated on Tuesday.
“It has some time. And if “Mechel” fulfills all the conditions, it is quite possible that the restructuring will happen. If it does not, we will resume proceedings against it,” Gref said.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

MMK has collected 182 mln roubles from Uralvagonzavod

​MMK has won the case against Uralvagonzavod on the collection of 182 mln roubles.
The Arbitration Court of the Sverdlovsk region satisfied the claim of MMK on the collection of 182 mln roubles of debts by the agreement of supply from Uralvagonzavod.
Today Uralvagonzavod reported that the corporation has been awarded one of the most prestigious professional awards in Russia for the buyers and suppliers “Leader of competitive purchases” for the third time.
Uralvagonzavod is a Russian corporation that develops and produces military equipment, road construction machines, railroad cars.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Stockholm Arbitration Court made a decision in favor of Norilsk Nickel

The Stockholm Arbitration Court satisfied the requirements of MMK Norilsk Nickel and collected 11.01 mln euro of the main debt, 2.42 mln euro of interest and 607 thousand euro of expenditure for the Arbitration proceedings from InterBAU (Czech).
In the process of reconstruction of the air separation shop of the oxygen station #2 of the Nadezhdino metallurgical plant, in 2010 Norilsk Nickel attracted InterBAU a.s. to execute the works on the replacement of the air separation block #1. The amount of the contract made up 49.6 mln euro.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Severstal decided to make Voronezhselmash bankrupt

​“Severstal-Distribution” has filed a claim on the bankruptcy of Voronezhselmash to the Arbitration Court of Voronezh.
The claim was filed on September 25th.
The basis for bankruptcy claim by the distributor of the steel making company was the decision of the Vologda Arbitration Court made in June. The Court collected 875 thousand roubles of penalty from Voronezhselmash.
In September the decision of the Vologda Arbitration Court was confirmed  by the Court of Appeal but it can be put in question within 2 months. However, Voronezhselmash hasn’t filed a cassation appeal against it as yet. Voronezhselmash acknowledged the presence of the main debt by the supply agreement at the volume of over 800 thousand roubles and put in question the collection of a penalty of 37 thousand roubles. However, there is a demand to collect 875 thousand roubles again in the bankruptcy claim of “Severstal-Distribution”.

Full text available to premium subscribers only.

Buy full access for 24 hours now

or

Request a quote to subscribe for a longer period

Oil and Gas, Metals and Mining, News from Russia and neighbouring countries
42a Pushkina Street; Ufa, Bashkortostan 450076; Russia
E 54° 43.48836" N 55° 55.52346"
Telephone: +7 927 303 00 25

Theme by Danetsoft and Danang Probo Sayekti inspired by Maksimer