Date: a month ago   Category: Finance

The London court carried a dispute between Baring Vostok and Avetisyan's company to the jurisdiction — Rambler News Service


The London international arbitration court carried a dispute between Baring Vostok fund (through the Evizon Holdings company owns 51.62% of Vostochny bank) and Artem Avetisyan's company "Finvizhn Holdings" ("East" owns 32.02% of bank shares) to the jurisdiction, reported in the press service of fund. "Today the London Tribunal (LCIA) agreed with Baring Vostok arguments that a dispute with MK Finvizhn Holdings is subject to consideration in the London arbitration. Due to the giving of MK Finvizhn Holdings of Artem Avetisyan of the claim in Blagoveshchensk in defiance of the arbitration clause and the order of the English court banning to consider such dispute in Russia, tribunal considered in the accelerated mode only a part of arguments of the parties", - it is said in the statement. The company noted that the London arbitration will resolve an argument about cancellation of the call option in January, 2020. On May 17 the court of the Amur region satisfied the claim "Finvizhn Holdings" to "Evizon Holdings" about a duty to sell to Avetisyan's structure 9.99% of bank shares "East". Then in the press service of Baring Vostok RNS said that the fund will challenge the judgment. After "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 June 11 the Arbitration court obliged the Evizon Holdings company to sell immediately 9.99% of bank shares "East" Artem Avetisyan's companies.

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