Sistema to appeal refusal to lift freeze on its assets in Rosneft lawsuit
YEKATERINBURG. Oct 17 (Interfax) - Sistema JSFC will continue to appeal a court ruling to freeze its assets in a lawsuit filed by Rosneft claiming 170.6 billion rubles, a representative of the Russian conglomerate told reporters on Tuesday.
He said "we will appeal to the end, to the Supreme Court," adding that the company "has two months, we won't drag our feet."
The Ural District Arbitration Court ruled on Tuesday to dismiss Sistema's appeal against the order to freeze its assets in the Rosneft lawsuit. In its appeal, Sistema asked the court to overturn a June 23 decision by the Arbitration Court of Bashkortostan to freeze company assets and an August 14 ruling by the 18th Arbitration Appeals Court in Chelyabinsk to leave the freeze in place.
The Ural District Arbitration Court will on October 31 consider a similar appeal from Sistema and its subsidiary Sistema-Invest against lower court rulings refusing to lift the freeze on its assets in the Rosneft lawsuit. In this appeal, the companies are seeking to overturn rulings by the Arbitration Court of Bashkortostan and 18th Arbitration Appeals Court made on July 12 and September 11, respectively.
Both of the appeals concern essentially the same ruling, but are not combined in the same proceedings and are therefore being considered at different times.