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.