Famous pop singer Philip Kirkorov paid off the main debt to the concert organizers, Cultural Service LLC, by transferring millions of dollars to their account.
Representatives of the performer informed the Moscow Arbitration Court about the repayment of obligations to the Cultural Services Company, reports RIA “News”.
The parties are preparing a settlement agreement under which the plaintiff will refuse to collect interest.
The artist's lawyer noted that the disputing parties have conducted negotiations and agreed on their positions.
The defendant's representative said: “We have agreed with the plaintiff's management board that we will sign additional agreements for all of our debts, including those for which the People's Artist is the guarantor.”
The lawyer added that upon signing the documents, the plaintiff would withdraw his claim to pay interest because the principal amount of 4.5 million rubles had already been paid. The company itself confirmed that the debt had been repaid.
The court scheduled the main hearing for March 18. A lawsuit demanding the recovery of 7.7 million rubles from the singer was filed in October, but the defense refused to reveal the nature of the debt.
In December, tax authorities stop activity of Kirkorov company – Philip Kirkorov Corporation LLC, registered in Krasnogorsk in August 2019.
