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RussianLegal defended the interests of the owners of the Four Elements hotel brand in two disputes for EUR 30 mln

Arbitration courts of the Perm Territory and the Sverdlovsk Region have ruled in favor of our clients, the owners of the Four elements hotel business, who own a chain of hotels in Moscow, Yekaterinburg, Perm and Kirov (cases No. A60-63350/2020 and No. A50-8406/2021).

A Latvian bank filed claims for foreclosure of hotel buildings and land plots in Yekaterinburg and Perm. The situation was complicated by the fact that during the first consideration of the case the cassation court overturned the judicial acts and sent the key dispute for a new consideration with negative conclusions. In addition, the project had specifics related to the need to apply Latvian law, which gave the opponents an advantage.

The Law Office's lawyers managed to prove that the claim was based on fictitious loan and guarantee agreements. As a result, the courts completely dismissed the claims of the Latvian bank. This allowed the client to retain the business and continue its development.