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Tatev Khachatryan

Moscow's Arbitration Court Again Postpones "Interstate Bank v Nairit" Case

Today’s second session at Moscow’s Court of Arbitration hearing the case that the Interstate Bank has filed against Rhinoville Property Limited also got off to a late start.

As in the first session, the defendant Rhinoville never showed up at the proceeding. The company argues that the court has no jurisdiction to review the matter involving loans to Armenia’s Nairit Rubber Plant.

Interstate Bank legal representative Mikhail Kulikov told the court that he strongly disagreed with Rhinoville’s assertion that the Court had no jurisdiction over the matter at hand.

After retiring to chambers, Judge Komarov announced a postponement in proceedings until June 18.

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