Verdict Upheld on Galina Yakina's Removal from Krasnodar's "UK" Eastern Market
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Hear that? The dust has yet to settle in the heated corporate battle between the players of LLC "UK 'Vostochny Market'". The Arbitration Appeal Court recently left Galina Yakina high and dry, failing to satisfy her appeal against her exclusion from the managing company's founder list. The fiery fight between real estate powerhouses, who've been knocking heads since August 2022, reveals no signs of cooling down.
This kerfuffle revolves around bigwig shareholder Chan Ngok Dinh, a Vietnamese citizen with a whopping 57.38% stake in the firm. He's lambasted Galina for serious transgressions, such as financial sabotage, spreading malicious rumors, reporting false claims to law enforcement, and launching an endless barrage of lawsuits that crippled the company.
Chan Ngok Dinh argues that Yakina's maneuvers led to stringent inspections and the dismissal of potential criminal charges, causing unnecessary chaos in the company's day-to-day operations. Moreover, Yakina's notifications to tenants about possible rental rate discrepancies sparked tenant revolts, with many cutting ties.
Seeking her own justice, Yakina countersued Chan Ngok Dinh, accusing him of dealing damage to the company and its stakeholders. She also challenged decisions from the general meeting, including managerial changes resulting in the enforcement of precautionary measures, such as a ban on registering changes to the company's management. This, in turn, hampered the firm's banking activities and ability to submit reports.
As per data from the "SPARK-Interfax" system, LLC "UK 'Vostochny Market'" generated 88 million rubles in revenue and netted 25.5 million rubles in profits in 2024 – dramatically lower figures compared to 2023. The company now faces a court case to recover damages totaling 127 million rubles, related to rental rates for the period between 2018 and 2021.
News outlet "Ъ-Kubanь," as per legal eagles, hints that Galina Yakina can still file an appeal with the cassation instance to challenge the court's decisions. This corporate conflict between "Vostochny Market" LLC’s heavy hitters looks set to carry on, prolonging its fight through future judicial instances.
In the world of corporate clashes, it's crucial to dissect the company's ownership structure, pinpoint the causes of the dispute, comprehend the legal landscape, gauge the financial impact, and monitor any ongoing court cases and their timeline. Such details can be gleaned from legal databases, company reports, or news outlets for a more comprehensive understanding of the situation.
- The corporate battle between the players of LLC "UK 'Vostochny Market'" involves complex financial matters within the business, as Galina Yakina's alleged financial sabotage and the subsequent drop in the company's revenue and profits are at the heart of the dispute.
- The intense business conflict between LLC "UK 'Vostochny Market'"'s key players has significant financial implications, with a court case pending to recover damages totaling 127 million rubles, related to rental rates for the period between 2018 and 2021.
