S'pore investors and contractors indiscriminately hotel "Russia" will continue in court Nov. 11

The Moscow Arbitration Court on Friday adjourned until 11 November in a lawsuit between the company businessman Shalva Chigirinsky "ST Development", speaking before an investor of reconstruction of hotel "Russia" in Moscow, and the main contractor of the dismantling of the hotel - FPK "Satori", RIA Novosti learned from the representative plaintiff - company "Satori".

The applicant requests to recover from the defendant's 34.799 million rubles outstanding contracts awarded. The company "ST Development", in turn, at a meeting on Sept. 17 announced a counterclaim, an undisclosed sum.

Share the details of Friday representatives of the parties refused, saying only that "passed the original discussion and counter-claims.

Earlier it was reported that the FPK "Satori" in the July-September, has filed five lawsuits to the structure Chigirinskiy totaling about 170 million rubles.

Dismantle of hotel "Russia", built in 1967 in Moscow, began in February 2006, but work is complicated and lasted several years litigation between the companies claim to be to be the project investor.

In late 2004, competition for the reconstruction of the hotel has won the company "ST Development", as one of the contestants - Company Monab "affiliated with" Evrofinance Mosnarbank is disputed. The three trial court rejected the claim "Monaba", and only the Supreme Arbitration Court (IAC), RF in January 2007 acknowledged the outcome of the contest null and void. Then you have sent the case for a new trial in the capital arbitrage in the invalidation of the effects of trades.

Once the Presidium of the on-demand Monaba "competition has recognized as invalid, the Moscow government has decided not to liquidate OAO Russia", as originally planned. In the charter capital of JSC "Russia" concert hall was introduced, the dismantling of which is not completed in time, allowing Ltd. ST Development "to get lease land under the concert hall and conduct reconstruction of hotel" Russia ".

In November 2008, the Ninth Arbitration Court of Appeal dismissed the appeal JSC Monab, demanding to invalidate the appropriate disposal of the Government of Moscow from July 24, 2007. After the dismissal of the appeal of "Russia", which was the owner of the hotel "Russia", was granted the right to conduct its reconstruction.

However, to continue construction work on the hotel "Russia" in the previously formed plans in 2008, "ST Development" prevent the global financial crisis. According to press reports, the amount of debt Chigirinskiy currently reaches $ 1 billion, because of what the entrepreneur is forced to go from almost all its development projects in Russia.

In August 2009, authorities in Moscow announced that they will have to re-work to create the project of building a new complex on the site of the hotel "Russia" since the previous draft of the object belongs to a British architect Norman Foster, who worked on the order of Chigirinskiy. Later it became known that before going to the city planners intend to order the business concept of the complex consulting company, to understand how best to develop the project.

Earlier Friday, the Moscow Property Department reported that the JSC Russia, which owns the right to develop the territory vacated after the demolition of the hotel "Russia", paid off debts to ST Development "to" confirmed by the court level - about 500 million rubles.

Topic: FPK "Satori", JSC "Russia", "Monaba", RIA, IAC, OAO