05.05.10

In Resolution #F09-1735/10-C5 dated March 22, 2010, the Federal Arbitration Court (FAC) of the Ural District rejected the argument that the seizure of ongoing construction projects would make their completion impossible thereby preventing them from fulfilling commitments.

Legislation concerning enforcement procedures prohibits the disposal of seized property belonging to a debtor. However, it does prohibit the property from being used.

Furthermore, in accordance with Article 97 of the Arbitration Procedure Code, citizens can petition the court that adopted the measure for its revocation by filing an objection.

Translated by Alinga Consulting Group.

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Source: ИА "Клерк.Ру"