The court scheduled a hearing on Rusnano’s application to VEB.RF for July 22, in which the company, which had already warned about the risks of its own insolvency, will challenge the order, which may involve the valuation of their assets.
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The Moscow Arbitration Court accepted for consideration Rusnano’s request to VEB.RF to invalidate the latter’s order No. R-90-DSP dated 02/08/2024 “On the position of representatives of the interests of the Russian Federation on the board of directors of JSC Rusnano.” This is indicated in the court materials.
The Ministry of Economic Development of the Russian Federation, Lair LLC, Neo Center JSC, Property Assessment Center LLC, TsNES LLC, Labrium Consulting LLC and five appraisal organizations participated as third parties in the case. The meeting is scheduled for July 22.
The request was presented on May 6, but there was no progress. The judicial material explained that “it did not allow us to determine the nature of the disputed legal relations, the circumstances of their emergence and did not contain the claims of the plaintiff against the defendant with reference to laws and other regulatory legal acts.” Rusnano attached the necessary documents to the claim and it was accepted.
A Vedomosti source reported that at the end of 2023, Rusnano’s management was instructed to evaluate its assets for subsequent sale. Reports with the evaluation results were delivered to VEB at the beginning of the year, but some of them were recognized as incorrect.
“To eliminate the deficiencies, in February the bank, as coordinator of development institutions, sent Rusnano an order asking the members of the board of directors of the state-owned company to vote to finalize the reports. “This document is being challenged in court,” the source told the publication.
Enforce Law Company’s lead lawyer, Vladislav Strelkov, noted in an interview with the publication that “any outcome will in one way or another affect the scope of VEB’s rights in the exercise of its functions as an agent of the Russian government.”
In October 2023, Rusnano published a report warning of the risks of its possible insolvency.
Author:
Ekaterina Strukova
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
