Corporate Litigations
Russian Customs and BoNY reach out-of-court agreement on illegal money transfer caseSome of the details of the landmark agreement include the bank’s readiness to pay $14mln to cover the customs’ court expenses and investment into the local economy... |
Russia’s Alfa Group and Norway’s Telenor Group agree to merge their assets in CISUnder the tentative agreement, Altimo, the Alfa Group’s subsidiary controlling the Russian holding’s telecom assets in the CIS, and Telenor are to create a new joint venture to run their assets... |
Wild Orchid’s fate to be decided at a bankruptcy case hearing in DecemberCommenting on the suit, Wild Orchid’s press secretary noted that the plaintiff is one of the few companies that his firm had not been able to reach an agreement with on debt prolongation... |
|
Crocus International threatens to bankrupt Millionaire Fair over debt issuesThe bone of contention is the estimated cost of over Rub7mln of services rendered to the Fair organizers and their star visitors in 2008... |
Burevestnik Group managing partner detained on yachts contraband chargesAccording to the official charges, Lomakin and other top AG Marin and Burevestnik yachts club officials, FTS former and present employees had been involved in illegal yachts importation... |
|
Defamation lawsuit between Prokhorov and TMT finally ends in a peaceful agreementThe protracted reputation damage lawsuit finally ended in September with the signing of a peaceful agreement between the two parties... |
A day in court for Arbat Prestige principal shareholder and CEOThe criminal case against Vladimir Nekrasov, the ex-owner and former CEO of Arbat & Co., which owns the Arbat Prestige network of perfumery shops in Russia, enters its final stages as the defender is soon due in court... |
|
Court arrests Mirax’s properties on Alfa Bank suit to prevent assets divestmentMirax Group’s mounting financial woes deteriorated further in August following a court arrest of its two Moscow-based core assets on Alfa Bank’s legal suit aimed at preventing the debtor from asset divestments... |
Russian billionaire tycoon Viktor Vekselberg denies Swiss law violation chargesViktor Vekselberg, the owner of the Renova Group, has denied all charges of violating the Swiss stock exchange laws, Switzerland-based company representative... |
|
Russia condemns the summon of its finance minister to a U.S. courtRussia and international law experts have declared the summons served on Finance Minister Alexei Kudrin to appear in a U.S. court illegal... |
Sibir Airline and LUKoil reach out-of-court settlement on debt issuesSibir Airline Co., the company that owns the S7 airline brand, and LUKoil-Aero, an aviation-refueling company affiliated with oil major LUKoil, have reportedly reached out-of-court agreements on the timetables for the airline to repay its outstanding R886.4mln aviation kerosene debt... |