Russian Government Nationalized Metafrax Chemicals Seizing 94.2% of Its Shares
The privatization of the plant, which took place in the 1990s, was declared illegal.
The privatization of the plant, which took place in the 1990s, was declared illegal.
The lawsuit was filed by Novomoskovskiy Azot and Nevinnomyssky Azot.
Litigation of chemical companies and Russian Railways never stops.
The parties differently understand the grounds for termination of the contract.
Siemens lost the case to return the engine back to Belarus.
The process between Belaruskali and Siemens Energy began on April 7 this year.
A hearing is scheduled for January 2023.
Termination of the contract was requested.
The amount of the claim is almost $19 million.