Demand for a 180-million ruble debt from the Krasnoyarsk Machine Building Plant
Title: Samaritan Metalworks Sue KrASMash for Overdue Payments and Penalties
It's time for KrASMash to shell out big bucks - over 181 million rubles, to be exact! Samaritan Metalworks, a Samara-based metal manufacturer, has filed a lawsuit against KrASMash in the Arbitrage Court of Krasnoyarsk Krai.
Back in October 2023, a deal was struck between the two companies for Samaritan to provide KrASMash with aluminum semi-products. From October 2024 to the present day, the shipment of sheets, plates, and stampings reached KrASMash's plant without any upfront payment, as the buyer had requested.
However, KrASMash has reportedly failed to settle the bill in full. The unpaid amount is a whopping 171 million rubles!
But that's not all! KrASMash also faces additional penalties of over 7.4 million rubles due to "unlawful use of another party's funds." These penalties, along with the amount that will be calculated from March 15 until payment of the overdue amount, are a tough pill to swallow.
The case has been accepted for trial, with the preliminary hearing scheduled for May 5. Let's hope justice prevails and KrASMash finally meets its financial obligations!
Photo: DELA
Now, here's some insight into the nitty-gritty of such disputes:
- Breach of Contract: KrASMash might have violated the contract by failing to pay for delivered products, not meeting delivery deadlines, or receiving defective goods.
- Penalty Clauses: These could include fines for late delivery or compensatory damages for production losses or loss of reputation.
- Force Majeure Disputes: Differences regarding whether external factors (e.g., sanctions, supply chain disruptions) excused non-performance could be at the heart of the dispute.
The lawsuit revolves around a contract between two parties - Samaritan, as a supplier of aluminum semi-products (e.g., ingots, slabs), and KrASMash, the buyer - outlining pricing, delivery terms, and quality specifications. Under Russian law, the court applies the Civil Code, considering the contract, delivery records, inspection reports, and payment histories.
Industry trends and previous cases may influence the outcome, with attention focusing on inspection protocols (whether non-compliance was documented at delivery) and the validity of force majeure claims. For specific details, consult the court’s public filings or legal databases like Kad.Arbitr or Rospravosudie.
- The financial industry and business world eagerly follow the developments in the ongoing legal dispute between Samaritan Metalworks and KrASMash, as the latter faces a lawsuit for overdue payments of approximately 171 million rubles in connection with a contract signed in October 2023.
- As part of this contract dispute, KrASMash also faces additional penalties totaling 7.4 million rubles for allegedly employing another party's funds unlawfully.
- The finance section of news outlets has been active, discussing the potential repercussions for the metal industry if KrASMash fails to meet its financial obligations as per the court trial schedule, with the preliminary hearing set for May 5.
- The outcome of this case could set a significant precedent, as the application of penalty clauses, force majeure disputes, and breach of contract expectations can deeply impact future industrial contracts within the Russian market.
