Following protracted litigation, the Federal Arbitrazh (Commercial) Court of Moscow Okrug upheld the prior rulings in the case. As a result, the claimants failed to recover from Principal alleged high rent arrears due to owners of a major shopping centre in Moscow.
KIAP litigators succeeded in demonstrating that there was no cause of action and no wrongdoing by Principal, but that there was an abuse of rights by the claimants themselves, which, inter alia, gave cause for the denial of the claim in its entirety.
Advocacy was provided by Sergei Popov, Head of Real Estate, Land and Construction practice.