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Wednesday, September 05, 2007

Moscow court rules RussNeft stock seizure lawful

RBC, 05.09.2007, Moscow 12:45:28.The Moscow City Court has ruled the seizure of 100 percent of RussNeft shares lawful, the court's press office reported today. Yury Kulebyakin, RussNeft shareholders' attorney, noted that the court violated his defendants' rights, as the investigation did not produce any evidence of the company's former chief Mikhail Gutseriyev's involvement with companies which hold RussNeft shares. Nevertheless, the General Prosecutor's Office asserted its right to seize property of third parties as presumably obtained by criminal conduct.

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