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Russian court dismisses IKEA’s appeal against recovery of $254,000

10:59 23/10/2018

MOSCOW, October 23 (RAPSI) – The Moscow Regional Commercial Court has dismissed an appeal filed by IKEA Centers Rus Property A against a ruling on recovery of 16.6 million rubles ($254,000) in favor of Gazprom corporation’s subsidiary Gazprom Gas Distribution Voronezh, the court documents read.

In April, the Moscow Commercial Court ordered IKEA Centers Rus Property A to pay a 16.6-million-ruble debt to the subsidiary. Moreover, the court dismissed a counter claim filed by IKEA’s affiliate seeking recovery of the unspent part sum of advance payment worth 6.7 million rubles ($102,600) under a distribution connection agreement plus 126,600 rubles ($1,900) of interest. In July, the Tenth Commercial Court of Appeals upheld this order.

According to the subsidiary of Gazprom, on December 16, 2015, the company concluded a contract with the defendant. Under the agreement, the plaintiff assumed an obligation to carry out technological connection of IKEA’s capital construction projects in the Voronezh Region to its network. IKEA Centers Rus Property A in turn was obliged to pay services of providing connection and all accompanying expenses of the plaintiff.

The defendant paid over 7 million rubles (about $107,100) as a down payment. As the Gazprom subsidiary incurred expenses totaling to 23.6 million rubles ($361,400), the defendant owed 16.6 million rubles to the plaintiff.

Courts accorded the plaintiff saying that the defendant had not introduced evidence supporting compensation for the Gazprom subsidiary’s expenses.

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Russian court dismisses IKEA’s appeal against recovery of $254,000

10:59 23/10/2018 The Moscow Regional Commercial Court has dismissed an appeal filed by IKEA Centers Rus Property A against a ruling on recovery of 16.6 million rubles ($254,000) in favor of Gazprom corporation’s subsidiary Gazprom Gas Distribution Voronezh.
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