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The SWRO Capital Contribution Invalidity Statement
The SWRO Capital Contribution Invalidity Statement
After referring to the June 2010 ACVR Judgment, Mr Marinichev stated that by that judgment the ACVR had
“concluded that the articles of incorporation [of RSM] dated 30 March 2009 and the subsequent transfer of assets from [VMZ] and [SWRO] were illegal under Russian law, as they were transactions aimed at deceiving the companies’ creditors.”
This was wrong. The ACVR did not reach any such conclusion in relation to SWRO or Loan 2. The statement is accepted by VTBC to be wrong.
- Heading
- CHARLES HOLLANDER KC
- The summary judgment application
- Nature of the claim
- Russian law
- Development of the Claimants’ case
- The new case
- The loans
- The transfer of assets
- The case based on the Explanations Document
- The SWRO Capital Contribution Invalidity Statement
- The Settlement Agreement Statement
- The Unlawful Asset Transfers Narrative
- The Criminal Complaint and the Embezzlement Indictment
- The Claimants’ New Case
- Summary Judgment
- Discussion
- Conclusions