Court Upholds 160B Ruble Ruling for Russian Google
The Arbitration Court of the Moscow District rejected the appeal filed by Google Ireland Limited and Google International LLC to recover 160.3 billion rubles in favor of LLC 'Google'.
Consensus
- The Moscow Arbitration Court rejected the appeal of Google Ireland Limited and Google International LLC regarding a 160.3 billion ruble judgment in favor of Russian subsidiary Google LLC.
- The court upheld the earlier ruling that declared certain transactions between Russian and Irish Google entities invalid.
- The disputed transactions included the termination of a 2009 advertising reselling agreement and the signing of a new agreement in April 2018.
- Payments made by Russian Google LLC to Google Ireland Limited from April 1, 2018, to March 3, 2022, totaling over 373.7 billion rubles, were also challenged.
- The court ordered the recovery of 101.7 billion rubles in principal debt and 58.6 billion rubles in interest.
- The decision was initially made in February and later confirmed by the appellate court in June.
Points of divergence
- The case was initiated by the bankruptcy administrator of the Russian Google entity, Valeriy Talyarovskiy, who filed a claim to invalidate the transactions. — kommersant
- The court's decision was reported by TASS, citing court materials, and emphasized that the appellate court upheld the ruling in June. — vesti
Coverage (2 sources)
- Court rejected Google's appeal to recover 160 billion rubles in favor of Russian 'Google' — Коммерсантъ
- Court rejected appeal for recovery of 160 billion rubles in favor of Russian 'Google' — Вести