22 марта 200710:54
Co-investors of Noviy Grad might never get their apartments, reports Roman Rechkin of Intellect-C
‘Bankruptcy proceedings usually presuppose registering all the remaining assets of a company and selling them by auction,’ explains Roman Rechkin, Legal Issues Director of Intellect-C Legal Security Agency relating to HydroSpetsStroy Ltd. (general contractor of Noviy Grad, the local developer). ‘People who invested money in their apartment block are now in desperate straits. If the building has not been commissioned yet, they can’t claim any property right over their apartment since the latter just does not exist. It’s also difficult to make the insolvent company give you your money back,