Siemens files lawsuits against its own Russian jv and Russian state firm
[MOSCOW] German engineering firm Siemens has filed lawsuits against its own Russian joint venture that produces turbines, and against a Russian state firm to which the venture sold turbines, according to court documents.
The lawsuits were filed on Tuesday in the Moscow city arbitration court, according to the documents seen by Reuters. The documents did not include any details on the reason for the lawsuits.
The defendants in the suit were identified in the documents as Siemens Gas Turbine Technologies LLC, a St Petersburg-based joint venture in which Siemens has a majority stake, and Russian state firm Technopromexport.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Consumer & Healthcare
Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO
Australia’s retail sales volumes fall 0.4% in Q1
Possible class action lawsuit against Cordlife by customers could take at least 2 years
Chinese tariffs could leave cognac makers with too much brandy
Holiday Inn owner IHG’s Q1 revenue up 2.6%, leisure travel demand remains strong
WSJ moves Asia headquarters from Hong Kong to Singapore