UPDATE: Court to hear Siemens, Rostec claims over Crimean turbines Nov 2 - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: Court to hear Siemens, Rostec claims over Crimean turbines Nov 2

(Provides new headline, lede, adds second paragraph)

MOSCOW, Oct 18 (PRIME) -- The Moscow Arbitration Court on Wednesday postponed hearing of counter-claims of Germany’s Siemens and Russian industrial corporation Rostec over turbines delivered to Crimea until November 2.

“Due to the court accepting a counter-claim the consideration of the case is subject to be postponed,” Judge Yekaterina Abramova said.

Siemens said in July that all the four turbines meant to be used on a Russian power plant on the Taman Peninsula were illegally shipped to Crimea, forcing the company to cancel its licensing agreements to sell power equipment to Russian firms and suspend the current agreements with state-run companies. Later, Siemens filed a claim against Rostec’s companies seeking to void a delivery contract.

Rostec’s unit Technopromexport LLC on Monday put the counter-claim in the turbines case and asked the Moscow Arbitration Court to void a contract on delivery of turbines signed by Siemens’ unit Siemens Gas Turbine Technologies and Technopromexport PJSC in March 2015.

Earlier on Wednesday, Siemens asked the court to return the counter-claim to Rostec’s unit saying it should not be considered together with the original claim.

End

18.10.2017 11:38
 
 
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