Date: 4 weeks ago   Category: Finance

Baring Vostok appealed against the decision on transfer of 9.99% "East" — Rambler News Service


The Evizon Holdings company (it is controlled by Baring Vostok and Russia Partners funds) filed the appeal about the decision of Arbitration court of the Amur region on transfer of 9.99% of bank shares "East" to Artem Avetisyan's company "Finvizhn Holdings", RNS in the press service of Baring Vostok reported. "We give on the appeal of unprecedentedly fast decision of the Amur court for the controversial option, despite the conclusion of assets confirmed to the Central Bank from "Yuniastrum of bank" in the course of association with "East" and the direct ban of the London Tribunal and High Court of England to have legal proceedings for the option in Russia" — reported in fund. As it is approved in the appeal, "Evizon Holdings" believes that the judgment is illegal, unreasonable and is subject to cancellation. Before June 11 the Arbitration court of the Amur region obliged the Evizon Holdings company to sell immediately 9.99% of bank shares "East" the companies of the shareholder of bank Artem Avetisyan "Finvizhn Holdings". Before "Finvizhn Holdings" filed a lawsuit the petition for immediate execution of the decision of Arbitration court of the Amur region for sale by structure of Baring Vostok fund of 9.99% of stocks "East". On May 17 the court satisfied the claim of the Finvizhn Holdings company to the Evizon Holdings company for a duty to sell to Avetisyan's structure 9.99% of bank shares "East".

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