Court handles NOVA-Stroy’s case

Sverdlovsk Region Arbitration Court is still investigating the claim laid by Sverdlovsk Region’s Deputy Prosecutor against NOVA-Stroy, the local developer.

The plaintiff demands that the company return a 2,244-square-meter land allotment at 18 Cherepanov St. to the City of Yekaterinburg.

The court has already agreed to make it illegal for the defendant to carry out any transactions involving the disputed land allotment or to convey the right over this property to any third party.

The Deputy Prosecutor explained that this was necessary since NOVA-Stroy might attempt to register its rights over the building that was being put up in the allotment; he also believed the developer might try to convey the rights over the building to some third party, which would make the implementation of the court’s orders much more difficult and could result in a lot of damage.

The next court hearing has been scheduled for September 17, 2009.


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