News
Kachkin & Partners, Attorneys at Law successfully represented in court the interests of the owners of the Eliseev’s Shop at Nevsky prospect of St. Petersburg
Kachkin & Partners’ lawyers represented «The Eliseev’s Shop» LLC within the claim for St. Petersburg City Property Management Committee on compelling to charge on the rental account the sum of more than 115 mln roubles spent for the restoration of the federal cultural heritage site – the Eliseev’s Shop at Nevsky prospekt.
After carrying out the costly repair of the Eliseev’s shop with the restoration of its fascinating interiors the lessee received the Committee’s agreement for charging the cost on the rental account. Nevertheless, after the estimate of the performed repair had been made up, the lessee reached a bureaucratic deadlock. The reason for this was probably in the substantial price of the performed repair.
This victory came as the result of consequent review of two arbitration cases. Last year the court recognized the liability of the Ministry of Culture of the Russian Federation to reconcile all the repair estimates. This time Kachkin & Partners’ lawyers managed to compel St. Petersburg City Property Management Committee to directly carry out the actions on charging these expenses on the rental account. The fact that there’s a legal gap in St. Petersburg legislation regarding the opportunity of charging expenses for repairing federal monuments because they aren’t commonly owned by St. Petersburg added complexity to this dispute.
In the context of this case Kachkin & Partners’ experts under the guidance of Dmitry Nekrestyanov, Partner, Head of Real Estate and Investments, could provide the protection of the lessee’s interests by proving the opportunity to apply the appropriate norms even in the situation with federal monuments.
«It was a special pleasure for us to represent the lessee’s interests regarding such significant object for St. Petersburg as the Eliseev’s Shop that is situated right in the historical centre – at Nevsky prospekt. The dispute’s results once again acknowledged the high level of legal expertise of our team in the sphere of monuments protection regulation and all the issues connected with them», — notices Dmitry Nekrestyanov.
Taking into consideration the current rental level the lessee will be able to use the dispute’s victory results for more than 5 years. This will qualitatively boost the economical performance of the project.
PhD in Law
Partner
Head of Real Estate and Investments Practice
Attorney
PhD in Law
Partner
Head of Real Estate and Investments Practice
Attorney