UFA, Aug 8 (PRIME) -- The Arbitration Court of the republic of Bashkortostan has rejected a motion of multi-industry holding Sistema to delay hearing of a 170.6 billion ruble suit filed by oil major Rosneft against the company, according to information obtained by PRIME at court on Tuesday.
A Sistema representative asked Judge Irina Nurislamova to delay the hearing as previously the court refused to include some third parties in the case and they filed appeals against the decisions. “We are asking the court to delay the hearing until appeals from the parties that you refused to involve into the hearing are studied,” the representative said.
The court earlier rejected motions form oil company Bashneft’s minority owner Alexei Kislitsyn and German company Tann Capital GmbH. The court scheduled hearings of their appeals for August 14 and August 22, respectively.
Rosneft, Bashneft, and the Ministry of Land and Property Relations of Bashkortostan objected against the motion saying that its goal is only to drag on the proceedings.
Rosneft filed its suit in May, seeking to recover a loss stemming from an alleged asset stripping at Bashneft in 2009–2014 by Sistema.
In June, the Arbitration Court of Bashkortostan ordered to seize 185 billion rubles worth of assets of Sistema, including a 31.76% stake in mobile operator MTS, 100% in healthcare company Medsi, and 90.5% in Bashkir Power Grid Company, under the Rosneft case.
(60.0605 rubles – U.S. $1)
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