Boeing Says JV Partners Must Pay $350M They Owe

Law360, Washington (June 16, 2015, 3:09 PM EDT) -- The Boeing Co. blasted efforts in California federal court on Monday by its Russian and Ukrainian partners in Sea Launch, a satellite launching company to avoid paying $350 million owed to the aerospace giant after the joint venture went bankrupt in 2009, arguing that none of their defenses hold up.

None of the affirmative defenses under foreign contract law by Ukrainian state-owned KB Yuzhnoye and PO Yuzhnoye Mashinostroitelny Zavod and Russia-based SP Korolev Rocket and Space Corp. Energia change the fact that they owe Boeing for hundreds of millions in loan guarantees, Boeing said in its reply brief.

“Energia and Yuzhnoye...

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