Lawsuit over design bureau's pledged shares to be heard on February 10
MOSCOW, February 1 - RAPSI, Natalia Belova. The court has adjourned until February 10 its hearing of the Central Bank's lawsuit to levy execution on the Aisberg design bureau's shares pledged as a security for Mezhprombank loans, the Russian Legal Information Agency (RAPSI/rapsinews.com) reports on Wednesday.
The Bank of Russia took an unprecedented decision and decided to restructure Mezhprombank debts in summer 2010, having extended the payment period, and turned the unsecured debt into secured debt.
The shipbuilding assets belonging to the United Industrial Corporation, controlled by former Senator Sergei Pugachev, allowed for the move. The plaintiff sought to levy execution on the 64.82 percent of Aisberg's shares owned by the defendants and asked the court to appraise their market value.
The Moscow Commercial Court declared Mezhprombank bankrupt on November 30, 2010 and appointed the Deposit Insurance Agency to act as a bankruptcy administrator.