The court denied the GAZ group the arrest of Volkswagen assets for 28.4 billion rubles

The court denied the GAZ group the arrest of Volkswagen assets for 28.4 billion rubles

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The Arbitration Court of the Nizhny Novgorod Region refused the Gorky Automobile Plant to seize the assets of Volkswagen Aktiengesellschaft for 28.4 billion rubles, follows from file cabinets court. The next meeting is scheduled for June 7th.

In March, the GAZ group filed lawsuit against Volkswagen to recover 15.6 billion rubles. damage from the departure of the German automaker from the Nizhny Novgorod site. The plant also demanded that the termination of the agreement on contract assembly of cars, adopted by Volkswagen after the start of the Russian military operation in Ukraine, be declared illegal. April 7 in court entered the second claim of GAZ for 28.4 billion rubles.

As a result of consideration of the first statement of claim, all Volkswagen property in Russia was arrested. However, on April 3, the Nizhny Novgorod court partially granted the petition of Volkswagen Group Rus (a subsidiary of Volkswagen AG) and canceled the arrest on the concern’s real estate.

More details – in the material “Kommersant” “Volkswagen released from arrest”.

Milena Kostereva

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