Swedish giant has lost the case in Russian court, is now one of the IKEA shopping center may lose ground. The result of lengthy court proceedings was disappointing for a major retailer. The contract of lease of 50 hectares on the 21-th km of the Kaluga road, concluded between IKEA and the former owner of the land already in 1999, was invalid, wrote Kommersant. Recall that a lawsuit was filed by "Zoom", which manages assets of developer senator Vadim Moshkovich. At one time Moshkovich said that the treaty was drawn up "to an entirely deficient conditions, which meant a lump sum, and then actually complete lack of payments." And, it seems, Themis heard Senator, because, according to a source, as early as Monday Arbitration Court of Moscow region ruled in favor of Mr. Moshkovich. According to the director general of the Criminal Code Ilya Gavrilov, the court found the former lease agreement not concluded, since the document did not define the exact boundaries of the leased land. Now that the court's decision should come within a month, unless, of course, IKEA has not filed an appeal. Experts believe that at IKEA have two choices: either buy the plot, or to renew the lease. In this case, earlier media reports that allegedly Moshkovich was willing to sell the disputed land for $ 137.8 million, but then the Swedish concern has not agreed to the terms of the transaction. Now the sides are again at the negotiation stage.
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