Court denies AFK Sistema cassation appeal against refusal to lift asset freeze
YEKATERINBURG. Oct 31 (Interfax) - The Ural Federal District Arbitration Court in Yekaterinburg has denied a cassation appeal filed by AFK Sistema and subsidiary Sistema-Invest, against the refusal of lower courts to lift the seizure of its assets under the 170.6 billion rubles Rosneft lawsuit, an Interfax correspondent reports from the courtroom.
"The court has determined the ruling of the Bashkortostan Arbitration Court of July 12, 2017 and the ruling of the Eighteenth Arbitration Court of Appeal of September 11, 2017 regarding the same case remain without changes. The cassation appeal of AFK Sistema and Sistema-Invest has been dismissed," the judge said.
An AFK Sistema representative told journalists that an appeal against this court ruling has not yet been decided upon.
Sistema and its subsidiary demanded that the ruling of the Bashkortostan Arbitration Court of July 12 and the Eighteenth Arbitration Court of Appeal of September 11 be annulled.