Court looks into Bank Severnaya Kazna vs. Mayak Corporation and Uralinvesttsentr

Sverdlovsk Region Arbitration Court is to hold the preliminary hearing of the claim laid by Bank Severnaya Kazna against Mayak Corporation and Uralinvesttsentr on May 25, 2009. The plaintiff insists on the defendants paying the bank 183,048,144.65 RUR and on having their mortgaged property collected.

President of Mayak Corporation Marina Konkova declared earlier that the company was trying to get their loan debts restructured by the bank.

‘It turned out very difficult to get our payments prolonged and refinanced for a longer period of time, despite our being the bank’s major customer and the greatest lending portfolio holder,’ Konkova said at the last Sverdlovsk Region Government Committee’s meeting on support to local businesses.


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