Yekaterinburg dwellers who have been oppressed by ZAO Russian Standard Bank can now call a hot line number provided by the local division of Russia’s Young Lawyers. The number is +7 (343) 362-83-06, the organization’s representative in Ural Federal District Evgeniy Ryakin said to an UrBC reporter. ‘This hot line will be available for as long as will be necessary; we intend to deal with calls and institute legal proceedings against the bank,’ he explained. Ryakin reports the hot line was organized in order to prevent the scenario of Nizhniy Tagil, Sverdlovsk Region. Now Nizhniy Tagil’s

Sverdlovsk Region Court supported the verdict of Yekaterinburg Leninskiy District Court returned on March 4, 2010. The district court declared that, based on the evidence provided by the prosecution, the accused, a Yekaterinburg-based firm’s trustee in bankruptcy Zurab Kharbediya, should be sentenced to two years in a penal settlement. Kharbediya was found guilty of abuse of power (Article 201 (part 2) of the Russian Federation Criminal Code). It was determined that Zurab Kharbediya used his authority to organize the company’s bankruptcy proceedings for financial fraud. Namely, two

The national rating agency is about to recall OAO AKB Avangard’s credit rating as the two parties’ agreement expired on April 16, 2010. RusRating is one of the national rating agencies whose ratings are used by the Bank of Russia to assess the banks’ business solvency.

OAO Bank Petrovskiy Board of Directors decided not to pay the dividend for the year 2009 on common registered or preferred registered stock.

Jones Lang LaSalle came up with a report on the state of the Russian commercial estate market in the first quarter of 2010. The company says that, after a quick rise at the end of last year, the demand for the shopping areas in the Russian malls has remained the same. Moscow’s shopping malls are still more popular than the provincial ones, so the retail trade turnover went up by 2.7% in the Russian capital and only by 0.8% in the rest of Russia in January-March 2010 (compared with January-March 2009). ‘Even though retailers have been showing more interest in renting lately, the share of