The 17th Arbitration & Appeals Court rejected the claim of KESKO-Ural; the plaintiff actually contested the ruling pronounced by Sverdlovsk Region Arbitration Court earlier. In July 2011, Sverdlovsk Region Arbitration Court refused to meet the claims of KESKO-Ural (the Novotel Hotel) laid against Zoom Zoom Photographers; the plaintiff insisted on being paid 223,000 RUR by the defendant. At the start, KESKO-Ural refused to pay Zoom Zoom Photographers their fee for taking a photo shoot of the Yekaterinburg-based Novotel Hotel’s interior. The photography business took the case to an

Governor of Sverdlovsk Region Alexander Misharin supported the Russian Ministry of Foreign Affairs’ application for the establishment of the Israeli Consulate-General in Yekaterinburg. In his letter to the Foreign Affairs Minister the Governor stressed that this step would promote Russia and Israel’s economic and cultural cooperation. The Consulate-General is expected to be based in Yekaterinburg and to service Kurgan Region, Sverdlovsk Region, Tyumen Region, Chelyabinsk Region, Khanty-Mansiysky Autonomous Region, and Yamalo-Nenetsky Autonomous District. The corresponding agreement will come

The general contractor involved in the construction of Yekaterinburg-EXPO exhibition center, Rusgrad is to take its case to Sverdlovsk Region Arbitration Court, demanding that its customer Ural Exhibition Center be forbidden to acquire any ownership rights over the center in question. Another claim has to do with the money the customer still hasn’t paid the contractor for the job done, Rusgrad’s Director-General Stanislav Dresvyankin told the reporters in the course of a meeting with the customer’s representatives and the contractor companies. Rusgrad reports the company cannot get the money

Russia’s Federal Financial Markets Service is going to ask the stock exchanges about data on the transactions involving Concern Kalina’s ordinary shares. The transactions the agency is interested in are those conducted just before the concern’s deal with Unilever was announced, a representative told Interfax. Now the news of Unilever buying the Yekaterinburg-based company was made public on October 14, 2011. The decision to investigate the possible use of some insider data regarding this Unilever/Concern Kalina deal will have to be made after a thorough examination of the data provided by the

Russia’s Federal Antimonopoly Service declared the actions of Uniastrum Bank related to the administration of bank-managed mutual funds to be an act of unfair competition, the FAS’s press service reports. The agency detected that the bank delivered inaccurate information as to investment strategies and the ways of using them via its website and advertising materials; its investment policy statement regarding Premier bank-managed mutual funds was also misleading for both potential investors and the bank-managed mutual funds’ founders. These actions actually violate Article 14 (part 1,