Рейтинг@Mail.ru
RusEng

News

NLMK's appeal in $18.5 mln suit against businessmen postponed

10:19 23/12/2011

MOSCOW, December 23 - RAPSI, Dmitry Shchitov. A federal commercial court has postponed until February 6 its hearing of an appeal against the adverse judgment in the Novolipetsk Iron and Steel Works' (NLMK) $18.5 million lawsuit against two former top managers of Maxi-Group - Nikolai Maximov and Alexander Loginovskikh, the court told the Russian Legal Information agency (RAPSI/rapsinews.com).

MAXI-Group head Nikolai MaximovMAXI-Group head Nikolai Maximov

NLMK maintained that its lawsuit stemmed from a contract between Maxi-Group and Alfa Bank, in which the bank agreed to provide equity sale consultation services personally to Maximov, then the Maxi-Group's president.

NLMK argued in court that Loginovskikh and Maximov paid for the consultation services with Maxi-Group's funds, as they were entitled to dispose of the company's assets. The consultation services were provided directly to Maximov.

According to NLMK, the consultation services resulted in a loss to Maxi-Group.

The Moscow Commercial Court declared Maxi-Group bankrupt and launched bankruptcy proceedings against the company in August.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

NLMK's appeal in $18.5 mln suit against businessmen postponed

10:19 23/12/2011 A federal commercial court has postponed until February 6 its hearing of an appeal against the adverse judgment in the Novolipetsk Iron and Steel Works' (NLMK) $18.5 million lawsuit against two former top managers of Maxi-Group - Nikolai Maximov and Alexander Loginovskikh.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news