Arbitration Court looks into claims against Uralvagonzavod

Sverdlovsk Region Arbitration Court is now hearing the claims laid by a number of Uralvagonzavod Scientific and Production Association’s creditors against the debtor. Two of these claims are to be considered on June 25, 2009.

Intra Tool Ltd placed its claim with the regional court, insisting that the defendant should pay them 2,739,700.32 RUR

Terra Trans Ltd took the case to Sverdlovsk Region Arbitration Court, demanding that Uralvagonzavod should pay them 25,697,434.15 RUR as the interest for using borrowed money; the interest was charged in accordance with Article 395 of the Russian Federation Civil Code for the period from January 1, 2005 to January 26, 2009, with the refinancing rate determined at 13% a year.

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