Businessman Initiates Lawsuit Against Chain of Stores Previously Owned by Him
In the world of Russian retail, a significant legal dispute between FixMarket and Play Hard has taken centre stage. The case, which involves one of the largest retail networks with over 300 trading objects across 144 settlements of the country by spring 2024, has been making headlines for several months.
The heart of the matter revolves around a contract signed between the two parties on January 3, 2022. According to the latest court proceedings, the defense in court values the transferred assets at approximately 48 million rubles. However, no new facts about the financial value or specifics of the transferred assets were mentioned.
The defense of Play Hard LLC acknowledges the affiliation of the transaction but considers it legal. On the other hand, lawyer Andreyev aims to declare the contract invalid, arguing that the decision to conclude the transaction was made illegally. No new facts about the legal arguments or evidence presented by either party were mentioned in the current paragraph.
The transaction resulted in FixMarket effectively ceasing operations and accumulating debts, leading to a bankruptcy case being opened against it. Play Hard paid FixMarket around 650,000 rubles and settled some of the first operator's debts. From January to July 2022, FixMarket transferred all inventory and fixed assets to Play Hard with an estimated total value of 50 million rubles.
The second participant of FixMarket was the wife of Vitaliy Sobolevsky, who is currently the owner and director of Play Hard. Andreyev's team's position is that the affiliated parties' interest in the transaction makes the second participant unable to decide on its conclusion. No new facts about any potential outcomes or decisions made in the court hearing were mentioned in the current paragraph.
The case has taken an interesting turn, with Play Hard's defense qualifying Andreyev's actions as an abuse of rights and an attempt to avoid subsidiary liability due to the bankruptcy of FixMarket. No new facts about additional payments or debts settlements were mentioned in the current paragraph.
As the legal proceedings continue, both parties will need to present a strong case to establish the legal validity of the contract and the economic benefit analysis. A thorough analysis would require access to the actual contract, dispute documents, and a review of applicable law. Consulting specialized legal databases or parties involved would be necessary for precise insights.
Stay tuned for more updates on this intriguing case as it unfolds in the Russian courts.
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