VW wins Russian court case over asset freezeVW wins Russian court case over asset freeze
A Russian court ruled against freezing Volkswagen’s assets in Russia, stating there were no grounds to suggest the company would try to avoid financial obligations arising from two lawsuits brought by Russian carmaker GAZ. GAZ, which was contracted to produce VW and Skoda vehicles at its factory in Nizhny Novgorod before VW suspended operations in Russia last year, in March convinced the court to freeze VW’s assets while court proceedings played out. But the Nizhny Novgorod Regional Arbitration Court had already on April 3 reversed that interim measures and ruled conclusively against such a step this week. “At present there… [...]