The Moscow Commercial Court has suspended on Thursday until May 21 its hearing of the Bank of Moscow’s $28.2 million lawsuit against the Millstream Black Sea Wines winery.
Earlier, the parties said they were negotiating the settlement. The bank said on Thursday that the parties need time to finalize debt restructuring issues. In this regard, the bank asked the court to suspend the case once again. The settlement is expected to be submitted to the court during the next hearing. Continue reading