THIS DAY IN HISTORY:
27 December 1970 Franco's dictatorship ended in Spain.1970 The Netherlands recognized the independence of Indonesia.1970 The introduction of the passport system in the USSR and the formation of the passport and visa service.1970 the introduction of the passport system in the USSR and the formation of the passport and visa service.
THE COURT ARRESTED THE RUSSIAN ASSETS OF HYUNDAI'S "DAUGHTER"
THE COURT ARRESTED THE RUSSIAN ASSETS OF HYUNDAI'S "DAUGHTER"
The arbitration seized the funds of the Hyundai Engineering Rus company in the amount of 156.7 million rubles. The application for this was submitted by the Stroytechimport company, which was engaged in the construction of one of the Hyundai plants.
The company, which began litigation with the defendant in the spring of 2022, asked to introduce interim measures. The reason for this was information about the plans of the South Korean brand to completely leave the country, Forbes reports.
Under the contract, Hyundai's daughter remained indebted to Stroytechimport for almost 157 million rubles. However, it has recently become clear that the plaintiff may not receive almost anything if no interim measures are taken. After all, if the carmaker leaves the Russian Federation, the company's property will be sold off, and the assets will be unavailable for collection.
The arbitration court called the imposed arrest an "accelerated" way of protection.
The decision was made as quickly as possible. The parties to the process were not even called. The evidence underlying the court verdict was evaluated by the court based on the judge's inner conviction.
The plaintiff in his request pointed to reports of South Korean and Russian media reporting on the possible departure of the brand from the Russian Federation. In addition, it became known that employees were dismissed from Hyundai enterprises in the Russian Federation, and the company did not declare any vacancies.
It is known that the brand's auto enterprise in Sestroretsk ceased operations on March 1, 2022. The reason was logistical difficulties that do not allow the necessary components to be delivered on time. The plant, which could annually produce up to 220 thousand cars on the market, stopped.
The production of Hyundai Wia engines, in the construction of which the Stroytechimport company participated, started in the fall of 2021. The company was supposed to produce about 240 thousand automobile engines annually. The total amount of investments in the construction of the plant amounted to 15.8 billion rubles.
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