Рейтинг@Mail.ru
RusEng

News

Italian firm abandons $202.5 mln claim against former FIFA World Cup’s IT contractor

10:40 03/04/2019

MOSCOW, April 3 (RAPSI) – Italian firm Codest Engineering S.R.L. has withdrawn its 13.2-billion-ruble claim ($202.5 million) against Asteros firm, a former IT contractor for the FIFA 2018 World Cup in Russia, according to the Moscow Commercial Court’s records.

According to the Italian company, by waiving the claim the creditor does not stop defense of its rights otherwise, leaving open the possibility of applying to the International Commercial Arbitration.

Moreover, as part of another dispute Asteros has filed a lawsuit with the Moscow Commercial Court seeking to collect 6.3 million euros and 22.9 million rubles (over $350,000) in debt under a sub-contract agreement from Codest.

In January, several lenders including companies and individuals filed claims with the Moscow Commercial Court demanding to add a debt of Asteros totaling to 33 billion rubles (about $500 million), to the register of creditors' demands.

Moreover, earlier several other organizations and companies filed claims against Asteros. Sberbank demands 3.6 billion rubles ($53 million) from the debtors, Russian Capital bank seeks to recover 1.9 billion rubles ($27.9 million), MTS-Bank intends to collect 353.4 million ($5.1 million), LOKO-Bank seeks 298.4 million ($4.3 million), Russia’s Federal Tax Service demands 107.7 million ($1.5 million), Borlas Group seeks 51.7 million ($760,200), the United Basketball League seeks 14.8 million ($217,600).

On July 5, Sberbank filed a bankruptcy claim against Asteros. On July 12, the court initiated a monitoring procedure against the company.

The safety concept for one of Russia’s largest sports complexes Luzhniki along with its “clean zone” inside the object were developed by Asteros.

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:

Italian firm abandons $202.5 mln claim against former FIFA World Cup’s IT contractor

10:40 03/04/2019 Italian firm Codest Engineering S.R.L. has withdrawn its 13.2-billion-ruble claim ($202.5 million) against Asteros firm, a former IT contractor for the FIFA 2018 World Cup in Russia.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news