Baikal water producer sues its former CEO

The former manager is obliged to compensate for the losses. This often happens when assets are transferred to “parallel” companies, over which one of the beneficiaries or top managers has control. In August-September, three lawsuits were filed with the Arbitration Court of the Irkutsk region challenging the transactions that Kokovin made on behalf of the company.

In the first claim, they demand to cancel the sale in favor of JSC Sneg in January 2024 of a plot of land located on the territory of the plaintiff’s water bottling plant in Irkutsk. Other claims were filed jointly by the companies More Baikal and Baikal Holding against two defendants – JSC ITG and a former manager. Claims – dozens of contracts with IG from 2021 to 2024 for 300 million rubles.

According to them, More Baikal acquired services, equipment, rights to mobile applications, software and trademarks from the defendant. The plaintiffs are asking not only to terminate these contracts, but also to recover damages. The amount is also estimated at 300 million rubles and they are demanding it from Kokovin, who signed these transactions.

The National Technological Initiative Project Support Fund (NTI Fund) has filed a claim with the Moscow Arbitration Court seeking to recover 104 million rubles from the Russian microelectronics manufacturer JSC NPF Mikran. It is planned to involve Russian Venture Company JSC as a third party in the case.