Рейтинг@Mail.ru
RusEng

News

Former MIAN owner resumes control of Cypriot assets

16:05 16/04/2013

MOSCOW, April 16 - RAPSI. The Supreme Court of Cyprus has canceled the Nicosia District Court's ruling that prohibited Kopernik (previously MIAN) investment group owner Alexander Senatorov from managing his Cypriot assets, the group said in a statement.

The ban was imposed after Alfa Bank affiliate Dalemont Limited launched a lawsuit in November 2011 to collect its debts from Senatorov.

The conflict between Alfa Bank and Senatorov flared up over $185 million in loans in 2009. Two of Senatorov's business centers and several other properties in central Moscow were sold to repay around $141 million in outstanding debt.

Alfa Bank then appealed to the court to collect the remaining loans worth $42 million and a $30 million penalty from Senatorov. The Meshchansky District Court granted Alfa Bank's claim in part, ruling that Senatorov was responsible for the earlier loan.

The businessman has resumed control over part of his business and assets in Russia, Cyprus, Croatia and Bulgaria, as well as his shareholdings in several Russian companies.

Kopernik is a Russian development holding, with assets estimated worth over $220 mln.

Share thisE-mail this articlesubmit newsAdd to blogrss feed
Add to blog
To link to this material, copy the code to your blog.
Publishing code:
Preview:

Former MIAN owner resumes control of Cypriot assets

16:05 16/04/2013 The Supreme Court of Cyprus has canceled the Nicosia District Court's ruling that prohibited Kopernik (previously MIAN) investment group owner Alexander Senatorov from managing his Cypriot assets.
Forward news story

All fields are mandatory!

Submit news

All fields are mandatory!

Share this

Top news