Date: 6 months ago   Category: IT & Media

The court recognized as illegal cancellation of the advertizing contract of the Moscow subway for 22 billion rubles — Rambler News Service


Photo: Dmitry Serebryakov/TASS Arbitration court of Moscow recognized as illegal unilateral cancellation by the subway of Moscow of the 10-year contract with the advertizing contractor of Trade company for 22 billion rubles, the correspondent of RNS from the courtroom tells. "The court has made the decision to satisfy the claim and to recognize as illegal cancellation of the contract" — the judge Olga Berezova has decided. "We are satisfied with the judgment" — RNS after the meeting the representative of Trade company has reported. Trade company — the advertizing operator. The company has submitted a claim against the subway in December. Cancellation by the subway of the contract for the right of advertizing existing between the parties in the subway became a reason for submission of the claim. Under this contract of Trade company in 2016 I have acquired the right within 10 years to place advertizing in the subway. Total amount of the contract was about 22 billion rubles. But at the end of last year the subway declared that it hasn't obtained the bank guarantee meant by the contract from Trade company, and has terminated the contract.

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