Court rules Yekaterinburg-City to pay Valode&Pistre

The 17th Court of Appeals supported the ruling of Sverdlovsk Region Arbitration Court that says UMMC Holding’s daughter enterprise Yekaterinburg-City must pay ?9.4m to the architects Valode&Pistre, Kommersant reports.

The two companies have been struggling with their case in courts since September 2009. Yekaterinburg-City then demanded that Valode&Pistre pay them ?13.55m for failing to meet the design work deadline for Iset Tower.

The architects, in their turn, announced all the work was presented in due time and placed a counter-claim with the court, demanding that Yekaterinburg-City pay them ?9.4m for the job. The architects’ claim was fully sustained, whereas the claim laid by Yekaterinburg-City was dismissed.


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