Articles tagged with: Farimex and Ict

Telenor Served with $1.7 billion Demand by Norwegian Bailiff

Telenor has said that it has been officially served with a claim to pay US$1.7 billion to farimex Products following a controversial ruling by a Russian court. The claim was delivered by a Norwegian bailiff from Asker and Bærum District Court. Telenor is given five days to pay the sum voluntarily.  more

Related Tags: ptc, eu, tim, telenor, bankruptcy, vimpelcom, Norway

Russian Court Refuses to Delay Vimpelcom Shares Seizure

A court in Russia has refused to delay the seizure of the 29.9 percent stake in local telco, Vimpelcom that is owned by Norway's Telenor. Earlier this month, a Russian bailiff working with farimex, an obscure firm with just 0.002 percent stake in Vimpelcom had arrested Telenor's shares in Vimpelcom by serving an arrest order on the National Registry Company, Vimpelcom's Moscow share registrar.  more

Related Tags: itu, alfa, telenor, moscow, vimpelcom, Russia

Alfa Held in Contempt by US Court - Telenor's VimpelCom Shares Arrested in Russia

Telenor has issued a statement announcing that a US federal court in New York yesterday held four Alfa Group companies in contempt for the second time for their failure to comply with the court's orders confirming the Kyivstar arbitration award. Shortly after the hearing ended, Telenor heard rumours that a Russian bailiff acting on behalf of farimex Product, had arrested all of Telenor's shares in Russian mobile operator VimpelCom. This was confirmed this morning.  more

Related Tags: sim, eu, alfa, telenor, moscow, turkcell, alfa-group, vimpelcom, kyivstar, altimo, storm, new-york, Russia

Telenor Ordered to Pay $1.7 Billion in Damages by Russian Court

Norway's Telenor has said it will appeal today's decision of the Eighth Arbitrazh Appellate Court in Omsk, Russia - holding Telenor liable for approximately US$1.7 billion in damages. The Omsk court has heard from the start the claim by farimex Products, an obscure British Virgin Islands company, against Telenor, in which farimex alleged that Telenor's nominees on the VimpelCom Board delayed VimpelCom's acquisition of Ukrainian mobile operator Ukrainian Radio Systems (URS).  more

Related Tags: eu, telenor, vimpelcom, Russia