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Court of England Undertakes Essential Discussion of Case – Roman Pipia against BGEO Group

Court of England has undertaken essential discussion of the case – Roman Pipia against BGEO Group.

Namely, Roman Pipa claims for compensating losses and unreceived profits as a result of illegal appropriation of Rustavi Azot by BGEO Plc. (about 944 million USD).

The judge has not accepted the position of BGEO Plc asserting that Roman Pipa is not the damaged party and the court appointed essential discussion of the case. Secrete negations are underway between Russian company SISTEMA and BGEO Plc since August 2016 with the aim of taking over and illegal distribution of Rustavi Azot.

As a result., a 205 million EUR agreement signed between EBRD and Rustavi Azot on June 30, 2016 was thwarted. 

“The opportunity for coming to agreement always exists, but in this case, the successful implementation of this process depends on whether the dispute is timely finished in the country. This sum is expected to be nor less than 944 million USD.

ccording to my information, a criminal investigation is underway in the Luxemburg jurisdiction, including on expropriation of private property”, the representative of Roman Pipia noted.