Court sustains Bank VTB’s claim

7 October 2009 (12:08)

Sverdlovsk Region Arbitration Court satisfied Bank VTB’s sub-claim regarding the security for their main claim against Temerso and Nevyansk Machine-Building Plant.

The court ruled that Temerso had no right to dispose its 74% shareholding in the plant’s authorized capital; in case the company does try to do anything with the share, it might have to pay a fine.

The plaintiff originally took the case to court in order to make the two defendants pay back the 299,853,836.73-ruble loan.

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