Date: 7 months ago   Category: IT & Media

The Moscow subway will challenge the judgment in the claim for the contract for 22 billion rubles — Rambler News Service


Photo: TASS / Evgeny Kurskov the Capital subway will challenge in the Ninth arbitration Court of Appeal of Moscow the decision of the Arbitration court which has recognized illegal a rupture of the contract for 22 billion rubles with Trade company have reported to RNS in the press service of the subway. "The Moscow Metro doesn't agree with the decision of Arbitration court of Moscow on recognition illegal unilateral cancellation of the contract with advertizing operator "Trade Company". We will challenge this decision in higher instance. We already prepare documents for giving in the 9th arbitration Court of Appeal" — the representative of the subway has reported. Before RNS reported that the Arbitration court of Moscow recognized as illegal unilateral cancellation by the capital subway of the ten-year contract for 22 billion rubles with the advertizing contractor of Trade company. Trade company has submitted a claim to 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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