Appelate Court confirmed the title of Ostrov CJSC for the coastal reinforcement at the port of Saint Petersburg
Today Appelate Court No 13 finished the dispute between two business units of the port of Saint Petersburg - Kirovskij Zavod OJSC and Ostrov CJSC. The court confirmed the title of Ostrov CJSC for the port’s coastal reinforcement (beached bank of Ekteringofka river), thus reversing the judgment of the first instance. In compliance with Arbitration Procedure Code of RF this decision comes into effect immediately after it is adopted – September 6, 2006.
We’d like to remind you that the court of first instance made a delivered a judgment on July 5, 2006 according to which state registration of Ostrov’s title for coastal reinforcement was declared invalid and, consequently, recognized the title of Kirovskij Zavod OJSC.