Date: 6 months ago   Category: Corporate finance

Housing estates Shuvalovsky and Dominion became a subject of judicial proceedings


The Federal Registration Service demands to recognize in court as illegal construction on lands by MSU in the southwest of Moscow of housing estates Shuvalovsky and Dominion — the projects realized by the Inteco company. Department emphasizes that the higher education institution hasn't produced the documentary evidence that on this site housing construction is authorized, Kommersant writes. Last week the cassation instance of arbitration court has sent for new consideration case of inappropriate use of nearly 122 hectares on Lomonosovsky Avenue in the capital Region of Ramenki. This earth belonging to the Russian Federation is in unlimited use at MSU. Here construction of a new complex of university buildings was allowed, the newspaper reminds. However in 2015 the management of the Federal Registration Service across Moscow has found out that in 2008 the site has been built up with housing and the commercial real estate of Inteco belonging at that time to Elena Baturina (in 2011 she has sold the company to the BIN group). The relevant resolution of the capital government in 2004 has been signed by the mayor Yury Luzhkov of that time. Under the terms of the contract the builder was exempted from creation of engineering infrastructure. Instead of Inteco has financed construction of new library and other objects of MSU. Materials on teme18:31 — on May 28, 2015 Gold Sparrow Hills Putin has suggested billionaires to help solidary MSU In September, 2016 the Federal Registration Service has demanded from MSU to eliminate violations. That is department actually recognized objects on the disputed site as unauthorized constructions and has ordered to bear them, authors of the publication draw a conclusion. For non-execution of requirements the Federal Registration Service has made the protocol on administrative offense under which the higher education institution is threatened by a penalty at a rate of 1-2 percent from the cadastral cost of the site, or 300-600 million rubles. Inteco (acts as the third party in a dispute) have said that are satisfied with the decision of the cassation as claims have under themselves no sufficient reasons. The press service of MSU in two days couldn't prepare comments, Kommersant writes. At the same time the edition source in the Federal Registration Service says: MSU hasn't produced the documentary evidence yet that on the disputed site perhaps housing construction. Meanwhile just inferior courts also had to study it, but have ignored, motivated Court of Appeal the decision to send business for new consideration.

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