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2010 July 1   08:50

St. Petersburg Property Fund to appeal on the ‘Moby Dick’ case

Property Fund of Saint Petersburg JSC is going to file an appeal on the case of termination of a contract with Moby Dick dated November 18, 2005 N6825-AZ for the sale of facility construction and land, PortNews IAA reports citing the Property Fund press office. The Fund said the State Property Management Committee of St. Petersburg should decide over the move. As to N-Trans, the Moby Dick terminal owner, the company press service declined to comment.

An earlier report said, Moby Dick had acquired a lot in Kronstadt for construction of a business center, but the project was not implemented in time. Arbitration Court of St. Petersburg and Leningrad region had overruled the Fund’s claim to Moby Dick.

The State Property Fund of Saint Petersburg was founded in 1991. It was incorporated in 2005.Today the Property Fund of Saint Petersburg OJSC is the only entity that has the legal authority for the sale and privatization of state property in St. Petersburg. The Committee of City Property Management of St. Petersburg coordinates and regulates the Fund’s activity.
 
Moby Dick specializes in container handling in Kronstadt near St. Petersburg.

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