AFK Sistema reports $66 mln loan default over asset seizureHolding company AFK Sistema reported on Monday about a technical default on 3.9 billion rubles ($66 million) that resulted from the court-ordered seizure of 185 billion rubles ($3.1 billion) in assets.11:28 17.07.2017
AFK Sistema’s appeal against asset seizure set for August 7The Eighteenth Commercial Court of Appeals on August 7 will hear the AFK Sistema holding company’s appeal against seizure of its assets amounting to 185 billion rubles ($3.1 billion) on the request of Rosneft oil giant.10:39 14.07.2017
Russian court upholds seizure of AFK Sistema’s assets on request of RosneftThe Commercial Court of the Republic of Bashkortostan has upheld a ruling to seize AFK Sistema holding company’s assets valued at 185 billion rubles ($3.1 billion) on the request of Rosneft.16:00 06.07.2017
AFK Sistema appeals against seizure of its assetsA ruling of the Commercial Court of the Republic of Bashkortostan to seize AFK Sistema holding company’s assets valued at 185 billion rubles ($3.1 billion) has been appealed.13:29 30.06.2017
Hearings in Rosneft’s lawsuit against AFK Sistema to recommence on July 12The Commercial Court of the Republic of Bashkortostan will recommence proceedings in a 170.6-billion-ruble lawsuit (about $3 billion) lodged by Russia’s oil giant Rosneft against AFK Sistema holding company and its subsidiary Sistema-Invest on July 12.15:53 27.06.2017
AFK Sistema loses bid to suspend proceedings in $3 bln dispute with RosneftThe Commercial Court of the Republic of Bashkortostan on Tuesday refused to suspend proceedings in a 170.6-billion-ruble lawsuit (about $3 billion) lodged by Russia’s oil giant Rosneft against AFK Sistema holding company.14:15 27.06.2017
AFK Sistema claims shares arrested as part of Rosneft’s $2.9 billion lawsuitAFK Sistema holding company has announced that its shares in several other entities were arrested under the ruling of the Supreme Court of Bashkortostan in a lawsuit filed by Russia’s oil giant Rosneft.10:56 27.06.2017
Rosneft’s $3 billion lawsuit against AFK Sistema set for June 27The Commercial Court of the Republic of Bashkortostan has set hearings in a lawsuit filed by Russia’s oil giant Rosneft against AFK Sistema holding company for June 27.15:02 06.06.2017
Bashkiria’s authorities join dispute between Rosneft and SistemaThe Commercial Court of the Republic of Bashkortostan has joined local authorities to the lawsuit filed by Russia’s oil giant Rosneft against AFK Sistema holding company.11:42 06.06.2017
Rosneft raises damage claim against AFK Sistema to $3 billionRussia’s oil giant Rosneft has increased its damage claim in a lawsuit against AFK Sistema holding company from 106.6 billion ($1.9 billion) to 170.6 billion rubles ($3 billion at the current exchange rate).11:19 24.05.2017
Russian oil companies’ claim against AFK Sistema set for June 6The Commercial Court of the Republic of Bashkortostan will hear a 106.6 billion ruble lawsuit ($1.9 billion) lodged by Rosneft and Bashneft against AFK Sistema holding company on June 6.10:34 15.05.2017
Lawsuit against AFK Sistema returned to Rosneft, BashneftThe Moscow Commercial Court has returned to Rosneft and Bashneft a claim to collect 106.6 billion rubles ($1.9 billion) from AFK Sistema holding company.16:56 10.05.2017
Criminal case against AFK Sistema chairman Yevtushenkov closedThe criminal case against Vladimir Yevtushenkov, board chairman of AFK Sistema holding company, has been closed for the absence of elements of crime in his actions.11:19 14.01.2016
Ural Invest $781 million settlement gets Moscow court approvalThe Moscow Commercial Court approved a 47 billion rubles ($781 million) settlement in a lawsuit brought by AFK Sistema over a stake in Bashneft oil company.11:51 30.03.2015
Ural Invest to pay $781 mln to Sistema in amicable agreementUral Invest, a company owned by former Bashneft owner Ural Rakhimov, and AFK Sistema have reached an out of court settlement, under which Ural Invest will transfer all its monetary assets (47 billion rubles, or $781 million) to Sistema.14:32 19.03.2015
Ural’s lawsuit against Sistema dismissedThis Monday, the Commercial Court of Bashkortostan dismissed a lawsuit filed by the Ural charity fund against Sistema and Ural Invest on invalidating the Bashneft share sale transactions.10:29 16.03.2015
Ural Invest’s motion to release assets dismissedThe Moscow Commercial Court has denied a motion from Ural Invest, a company under former Bashneft CEO Ural Rakhimov, to partially unfreeze assets – blocked upon a motion from Sistema – to allow the company to settle accounts with its partners and pay its employees.13:29 05.03.2015
AFK Sistema wins ruling in $1.4-billion suit over Bashneft stockThe Moscow Commercial Court on Monday ruled in favor of AFK Sistema that sought 70.7 billion rubles ($1.4 billion) in damages from Ural-Invest company over forfeiture of Bashneft stock.18:32 16.02.2015
Hearing set for AFK Sistema’s $1.4 bln suit over Bashneft stockThe Moscow Commercial Court is set to hear on February 16 arguments in a lawsuit brought by AFK Sistema that is seeking $1.4 billion in damages from Ural-Invest over forfeiture of Bashneft stock.12:07 02.02.2015
Rakhimov claims Sistema’s $1.3 billion suit over Bashneft to be ungroundedRussian businessman Ural Rakhimov claims an action brought by AFK Sistema seeking 70.7 billion rubles ($1.3 billion) in damages over Bashneft oil company to be ungrounded.11:40 29.12.2014