The Arbitration Court of Appeal reversed the decision of the court of the first instance and recovered losses in the amount of more than 66 million rubles from the state body and state-owned enterprise
The funds were recovered from LLC “U …” as a guarantor under a bank guarantee in favor of the Ministry of Construction of the Kaliningrad Region (Beneficiary 2), with whom the Main Control Department “B ..” (Beneficiary 1) entered into a cession agreement on the transfer of the right of claim under the bank guarantee.…