Contents tagged with lawsuit
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Ukraine intends to refute Russia's claims over 'Yanukovych's debt'
On the 3rd of March, the Ukrainian Ministry of Finance filed an intention with the High Court of England to deny Russia’s claim for a 3-billion-dollar loan.
This was reported by the Ukrainian News in reference to statements made by the Ministry of Finance.
“Today, Ukraine has filed an acknowledgment of procedural documents with the High Court of England. We have declared our intention to oppose all claims brought against us by the Law Debenture Trust Corporation Plc with regard to the so- …
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Naftogaz's claim against Gazprom exceeds $8 billion
The total claim amount made against Gazprom by Naftogaz has reached 8.2 billion dollars. This claim is in regard to a contract between these two companies for the transit of Russian gas through Ukraine.
The head of Naftogaz, Andrew Kobolyev, reported this during a conference in Kiev.
“The total amount of claims made against Gazprom has reached an amount of 8.2 billion dollars,” Kobolyev said.
According to him, this amount had accumulated during the duration of the contract, which began in 20 …
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Five Ukrainian companies file lawsuit against Russia
Five Ukrainian companies, DneprAzot, Ukrinterinvest, Lugzor, Lisbet and Aberon Ltd., filed a lawsuit against Russia with the International Court of Arbitration in The Hague, as published on the Court’s website on the 24th of February. According to Ukrainian media, all companies are part of the Privat group, owned by the oligarch, Ihor Kolomoyskyi.
According to Interfax, a bilateral agreement between Ukraine and Russia regarding the protection of investments, signed in 1998, is the basis for …
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ECHR rules that Russia must pay Navalny and Ofitserov 86,000 euros
The European Court of Human Rights (ECHR) has ruled in favor of Alexei Navalny and Petr Ofitserov. They had previously submitted a complaint against the decision of the Russian Court in the case of Kirovles. The text of the ruling was published on the website of the ECHR.
The ECHR established that Navalny and Ofitserov were tried for acts which are impossible to distinguish from regular business activities. This is a violation of Article 6 (the right to a fair trial) which, “to the …
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Relatives of victims of MH17 file lawsuit against Igor Strelkov
In the State of Illinois, relatives of victims who were killed in the crash of Malaysian flight MH17 in eastern Ukraine in 2014 filed a class action lawsuit against Russian citizen, Igor Strelkov (also known as Igor Girkin). Golos Ameriki reported that Strelkov is accused of involvement in the downing of the passenger aircraft.
It was also noted that Strelkov is being charged under three Articles of US law: murder, destruction of a passenger aircraft and aiding and abetting the commission of a …
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Yukos shareholders: 1 billion euros in Russian assets were expropriated in France
Former Yukos shareholders are seeking financial recovery from Russia in the amount of 50 billion dollars in accordance with the decision of the Arbitration Court in The Hague. This refers to Russian assets seized in France. The amount of one billion euros is roughly 86 billion rubles. This information is according to the RBC daily newspaper with reference to Group MENATEP Limited (GML), a holding company representing the former shareholders of Yukos.
The ventures of the Federal State …
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VimpelCom fined $795 million over Uzbekistan telecom bribes
Bribes in Uzbekistan led to the second largest anti-corruption penalty in history.
Registered in the Netherlands, VimpelCom Holdings will pay a penalty to the governments of both the United States and the Netherlands for bribery in Uzbekistan.
Unitell LLC, a subsidiary company of VimpelCom Holdings in Uzbekistan, plead guilty to violating U.S. anti-corruption legislation as announced yesterday in a Manhattan Federal Court in New York.
The amount of the fine under an amicable settlement will …
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Russia files lawsuit against Ukraine over $3 billion debt
On the 17th of February, the Ministry of Finance of Russia filed a lawsuit against Ukraine with the Supreme Court of London for the recovery of a $3 billion debt in the form of Eurobonds. Russia provided this loan to Ukraine in December 2013, the Minister of Finance, Anton Siluanov reported.
“The lawsuit was filed after unsuccessful attempts to contact Ukraine for a constructive dialogue with regard to debt restructuring,” Siluanov stated and was quoted by Interfax. He called a court …
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Court Rejects Appeal made by Former Yukos Shareholders to Suspend Construction of Orthodox Center in Paris
A French Court rejected an appeal made by former Yukos shareholders to suspend the construction of an Orthodox Center in Paris. This plot of land belongs to the Presidential Property Management Department of the Russian Federation. The plot is almost 5,000 square metres, and is located near the Eiffel Tower.
However, the Court rejected the appeal of the former Yukos shareholders, explaining that this plot is protected by diplomatic immunity. On the 22nd of January, the Collegiate Council …
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Court in Ukrainian city of Rivne seizes Sberbank accounts
The Rivne City Court has ruled to seize the accounts of Sberbank of Russia for UAH 8.5 billion (appromately $330 million). This decision was made on the 26th of January during the consideration of Evgeny Puhalskiy’s lawsuit. Puhalskiy requires the bank to return his funds amounting to EUR 325 million. The 33-year-old entrepreneur has been in the process of suing Sberbank of Russia since September of 2015.
Initially, the entrepreneur planned to donate the interest of EUR 24 million to the …