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EPAM Defends the Interests of Razvitie Zdorovia i Sporta in Litigation

EPAM Defends the Interests of Razvitie Zdorovia i Sporta in Litigation

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The Egorov Puginsky Afanasiev & Partners Saints Petersburg Office has defended the interests of Razvitie Zdorovia i Sporta LLC in a dispute over the recovery of billions of rubles worth of losses.

The Commercial Court upheld the view proposed by EPAM in dismissing the claim. In addition, the Commercial Court granted a counterclaim filed by Razvitie Zdorovia i Sporta seeking to recover RUB 100 million from the plaintiff.

Razvitie Zdorovia i Sporta invests in athletic facilities development. The company and the plaintiff entered into a preliminary lease agreement, which stipulated a later long-term lease and operation of the building as a large fitness club. According to EPAM, "the future tenant had undertaken premises preparation for comprehensive operation and as a result of numerous breaches of the agreement, and failure to perform the work, Razvitie Zdorovia i Sporta withdrew from the preliminary lease agreement."

The termination of the preliminary lease was considered unlawful, and the plaintiff filed a claim seeking to recover losses amounting over RUB 1 billion.

The EPAM team consisted of Managing Partner of the St. Petersburg Office Ivan Smirnov, Senior Associates Evgeny Gurchenko and Artem Magunov, and Associates Alexander Svashenko and Maya Chokoraya.

 

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru

 

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