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The court removed the arrest from the Volkswagen plant in Kaluga

  • April 4, 2023
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The Nizhny Novgorod Regional Arbitration Court has issued another decision in the context of the GAZ Group’s claim against Volkswagen Group Rus LLC (FGR). Portal “AvtoVzglyad” reports the

The Nizhny Novgorod Regional Arbitration Court has issued another decision in the context of the GAZ Group’s claim against Volkswagen Group Rus LLC (FGR). Portal “AvtoVzglyad” reports the relative success of the lawyers of the German concern.

The judicial detention of the property and assets of the FGR in Russia, imposed on March 17, included the industrial estate in the Kaluga region. Now it has been removed from provisional measures introduced as part of a multibillion-dollar lawsuit by GAZ against the German automaker. Recall that the GAZ Group is demanding 15.6 billion rubles from the FGR as compensation for losses resulting from the actual breach of agreements on the assembly of Skoda and VW cars in GAZ facilities in 2022.

On April 3, representatives of Volkswagen Group Rus stated in court that the value of the FGR property arrested in the context of the case exceeded the amount of the claim several times: 47.5 billion rubles against 15.6 billion. taking into account that the Germans had already partially repaid their debt by paying about 4 billion rubles to GAZ.

Now that the court has removed the VW Kaluga plant from interim measures, the Germans again have the opportunity to sell the enterprise to one of the domestic investors. Earlier, before the decision of the Nizhny Novgorod arbitration to seize the property of the FGR, there was much talk in the media about plans to sell the company to the structures of the Avilon car dealership.

But the “sword of Damocles” of the lawsuit still hangs over Kaluga’s property. In this regard, it can be assumed that if someone wants to buy an enterprise now, it will only be done at a large discount. And it is possible that the conflict surrounding the GAZ lawsuit against Volkswagen Group Rus is nothing more than part of a multi-stage operation designed to “squeeze” the factory out of the Germans at the lowest price. The ultimate beneficiary of this could be both Avilon and GAZ, as well as a corporate structure unknown to the public.

The judicial detention of the property and assets of the FGR in Russia, imposed on March 17, included the industrial estate in the Kaluga region. Now she has been released from interim measures imposed as part of a multibillion-dollar lawsuit by GAZ against the German automaker. Recall that the GAZ Group is demanding 15.6 billion rubles from the FGR as compensation for losses resulting from the actual breach of agreements on the assembly of Skoda and VW cars in GAZ facilities in 2022.

On April 3, representatives of Volkswagen Group Rus stated in court that the value of the FGR property arrested in the context of the case exceeded the amount of the claim several times: 47.5 billion rubles against 15.6 billion. taking into account that the Germans had already partially repaid their debt by paying about 4 billion rubles to GAZ.

Now that the court has removed the VW Kaluga plant from interim measures, the Germans again have the opportunity to sell the enterprise to one of the domestic investors. Earlier, before the decision of the Nizhny Novgorod arbitration to seize the property of the FGR, there was much talk in the media about plans to sell the company to the structures of the Avilon car dealership.

But the “sword of Damocles” of the lawsuit still hangs over Kaluga’s property. In this regard, it can be assumed that if someone wants to buy an enterprise now, it will only be done at a large discount. And it is possible that the conflict surrounding the GAZ lawsuit against Volkswagen Group Rus is nothing more than part of a multi-stage operation designed to “squeeze” the factory out of the Germans at the lowest price. The ultimate beneficiary of this could be both Avilon and GAZ, as well as a corporate structure unknown to the public.

Source: Avto Vzglyad

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