The court denied the detention of Yandex A&DD funds in the amount of 891 million rubles

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The Moscow Arbitration Court rejected Yandex’s application to confiscate funds from A&DD Company, a distributor of digital devices and accessories. It has been proven data files of arbitration cases.

The case file states that Yandex submitted an application for interim measures in the form of confiscation of A&DD funds amounting to approximately 891.5 rubles, but did not prove the validity of their application.

In the document of the Arbitration Court dated November 24, it is stated that Yandex’s application was rejected on the grounds that it took measures to secure the claim.

As told to the agency “Yandex” TASS, the claim concerns non-payment of debt under a contract for the supply of smart devices. As it can be understood from the case file, we are talking about the non-fulfillment of the obligations under the supply contract dated 25 July 2019.

Previously recognizedThe Dutch parent company, Yandex NV, is considering the possibility of devoting the main part of the business to a separate group of companies, which will include a number of foreign destinations and retain the Yandex brand.

Before that, TASS agency reportedAlexei Kudrin, head of the Accounting Chamber of the Russian Federation, may soon start working for Yandex. It has been announced that the actual decision on this has already been taken.

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