MForum.ru
18.12.2006,
(Fornebu, Norway; Kyiv, Ukraine; and New York, New York – 17 December 2006) A U.S. Federal District Court has forbidden Alfa Group companies from trying to disrupt the New York-based arbitration between Telenor and Storm, the aim of which is to force Storm to stop undermining the Kyivstar shareholders agreement and Telenor’s control of Kyivstar. If Alfa or its affiliates violate this U.S. Court order, they could be held in contempt of court with civil and criminal penalties, and their assets subject to seizure through enforcement proceedings.
The U.S. Federal District Judge Gerard E. Lynch granted Telenor's motion on Friday for a preliminary anti-suit injunction against Alfa Group companies Storm, Altimo and Alpren, ordering them to stop "bringing or attempting to cause the enforcement of any legal action in the Ukraine that would disrupt, delay or hinder in any way the arbitration proceedings between Telenor and Storm in New York." Altimo owns 100 per cent of Storm through Alpren and another Cyprus based company.
The order was granted following hearings before Judge Lynch on Telenor's application to the court for the injunction. Telenor petitioned the court after Altimo subsidiary Alpren commenced a lawsuit in a local Ukrainian court against Storm's General Director, Vadim Klymenko, who is also an Altimo vice president, and obtained a court order aimed at stopping both Telenor and Storm from participating in the arbitration proceedings in New York. Telenor was not a party to the case and was never served with any documents or orders related to the case. The Ukrainian court order threatens criminal prosecution against Storm and Telenor employees if they go forward with the arbitration proceedings. This injunction means that Altimo and its subsidiaries cannot allow the Ukrainian injunction to be enforced.
“Altimo's disruptive tactics are clearly backfiring. If Altimo makes further attempts to undermine the arbitration process, they risk having assets frozen and criminal charges pressed against them in the U.S. and other countries that recognize U.S. court decisions. Such a development would be most unusual for a company like Altimo," said Telenor Vice President of Corporate Communications Dag Melgaard. "As Judge Lynch recognized, Altimo likes lawsuits where it is the only real party and tries to avoid legitimate proceedings where the facts are aired on both sides. Fortunately a U.S. Judge recognized this and has ordered Altimo to end what he has called ‘shabby tactics’.”
In his decision, Judge Gerard E. Lynch said, “There is no real dispute that Altimo negotiated the entire transaction" and "agreed to the arbitration clause demanded by Telenor as part of that bargain..." Judge Lynch criticized Altimo, saying its litigation in Ukraine was conducted in the "most vexatious way possible," noting that Altimo sought to avoid arbitration by "resorting to a forum in which their home-court advantage is magnified by their willingness to play the game without letting the other team show up."
A hearing on the merits in the Kyivstar arbitration is scheduled to begin on Monday and Tuesday, December 18 and 19, 2006 in New York with a hearing on the merits. Telenor brought the arbitration in February 2006 after Altimo's subsidiary, Storm, violated the Kyivstar Shareholders Agreement by not attending Kyivstar Board and Shareholder meetings. That agreement bound the parties to settle all disputes in arbitration in New York under New York law.
©
Публикации по теме:
05.10. [Новости компаний] Структура собственности: Норвежцы планируют выйти из VimpelCom / MForum.ru
01.10. [Новости компаний] Скандалы: Telenor исполняет обязанность принять от Weather привилегированные акции VimpelCom Ltd. / MForum.ru
25.04. [Новости компаний] M&A: Усманов создает телекоммуникационный холдинг - в него могут войти МегаФон и Yota / MForum.ru
19.04. [Новости компаний] Судебные споры: ФАС подала в суд на многострадальный Telenor / MForum.ru
15.02. [Новости компаний] Структура собственности: Telenor получила большинство в Vimpelcom Ltd. / MForum.ru
27.06. [Новинки] Анонсы: Xiaomi Pad 7S Pro 12.5 на чипсете Xring O1 представлен официально / MForum.ru
26.06. [Новинки] Анонсы: Redmi K80 Ultra представлен официально / MForum.ru
26.06. [Новинки] Анонсы: Экологичный смартфон Fairphone 6 представлен официально / MForum.ru
25.06. [Новинки] Анонсы: Poco F7 на чипсете Snapdragon 8s Gen 4 представлен официально / MForum.ru
24.06. [Новинки] Анонсы: Galaxy Unpacked 2025 состоится 9 июля / MForum.ru
24.06. [Новинки] Анонсы: Компактный смартфон Vivo X200 FE представлен официально / MForum.ru
23.06. [Новинки] Анонсы: Oppo K13x 5G представлен как «самый надежный смартфон в сегменте» / MForum.ru
23.06. [Новинки] Слухи: Толщина Honor Magic V5 составит 8,8 мм / MForum.ru
20.06. [Новинки] Слухи: Раскрыты подробности о Redmi K80 Ultra / MForum.ru
20.06. [Новинки] Слухи: Honor Magic V5 может стать самым тонким складным смартфоном в мире / MForum.ru
19.06. [Новинки] Анонсы: Глобальная версия Oppo Reno 14 5G представлена в Японии / MForum.ru
19.06. [Новинки] Анонсы: Oppo Reno 13A для японского рынка представлен официально / MForum.ru
19.06. [Новинки] Анонсы: Бюджетный смартфон iQOO Z10 Lite официально представлен в Индии / MForum.ru
18.06. [Новинки] Анонсы: Fujitsu Arrows F-51F представлен официально / MForum.ru
17.06. [Новинки] Слухи: Раскрыты основные подробности о Redmi K Pad / MForum.ru
17.06. [Новинки] Анонсы: Trump Mobile T1 представлен официально / MForum.ru
17.06. [Новинки] Анонсы: Анонсирован Realme Narzo 80 Lite 5G с Dimensity 6300 и аккумулятором 6000 мАч / MForum.ru
17.06. [Новинки] Анонсы: Infinix представил смартфоны серии Smart 10 / MForum.ru
16.06. [Новинки] Слухи: Планшет OnePlus Pad Lite будет базироваться на Helio G100 SoC / MForum.ru
13.06. [Новинки] Слухи: Предсказана производительность бенчмарков Qualcomm Snapdragon 8 Elite 2 / MForum.ru