Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia Sues Swiss "Noga"
28.05.2008 13:28
Russia Sues Swiss
Picture property of RIA Novosti

Russian authorities demand compensation from Swiss company Noga for reputation, damaged due to companys activities. The suit was filed to the French court.
      In January Noga representatives announced about blocking accounts of several state Russian enterprises in French banks. All this made Russia angry and caused a suit, in which Russia demanded compensation of damage, done by illegal account blocks by Noga and French court officer, which helped the firm. Russia decided to take Noga to court despite releasing all blocked accounts.
      This case has a 15-year-long history. In 1993 Russian government canceled a contract with Noga and had to pay some $ millions of forfeit. However, American businessman of Russian origin bought out Russian debt from Noga in 2006. Since that time Swiss company had no rights to arrest Russian property. Time to pay for being annoying, gentlemen!
      Source: BBC


Next Previous

You might also find interesting:

A Special Group in the UK will Monitor Financial Flows from Russia

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

search on the map
Must See Places  Organ Music Concerts  Russian cuisine  Finance Minister  Cable TV  Far East  children  travel to Russia  Amur Region  Yakutia  Old Russian House  Pskov Region  obituary  the Perm Region  Roskosmos   Defence Minister  Russian regions  Russian politicians  Leningrad Region  Moscow  Exhibitions in Moscow  Great Patriotic War  ClearMath  Moscow actions  Mercedes-Benz Fashion Week Russia  Filyovsky Park  StartTrack  St. Petersburg  Alexander Golovin  Felix Dzerzhinsky  Russian national colours  Orlov Paleontology Museum  Russian business  Folk Arts  Saratov  Libya  Nikolay Leskov  New Films  Russian Cinema  Russian hotels  Yuri Gagarin  Russian tourism  Arkhangelsk  Maison SAS   Moscow fairs  microbiology  Regional Cuisines  ecology  Russian Nature  Festivals in Moscow 

Travel Blogs
Top Traveling Sites