Nova-Group forced to sue Luxury Life

‘Our company’s top executives were forced to sue Luxury Life in order to get the rent debts paid because the debtor was not willing to work on the out-of-court settlement,’ Nova-Group Development informed an UrBC reporter.

Sverdlovsk Region Arbitration Court has partially sustained the claim laid by Nova-Group Development against Luxury Life. The plaintiff insisted on being paid $83,780, so the court ruled that $42,110 must be paid by the defendant.

Now Luxury Life owns FENDI CASA, a fashionable furniture and home accessories boutique that used to be operating in Yekaterinburg’s Tikhvin Gallery at 48 Khokhryakov St. Like Alex Zander, FENDI CASA is a member of AZ-Group Holding that specializes in interior design.

‘Following the preliminary court hearing, Luxury Life paid a portion of its debt back, namely, $41,670, which was why our claims were reduced to $42,110. This was actually the claim sustained by the arbitration court on August 14, 2009,’ the plaintiff reports.