The court finally confirmed the rights "Im PALP" as the owner of the shares of OJSC "Central Bank" and OJSC "BKH"

The Federal Arbitration Court of the Moscow District on Wednesday examined the cassation appeal of OJSC KCBK and OJSC BKH and confirmed the legality of the decision of the court of first instance of February 18, 2003, leaving it unchanged.

On February 18, 2003, the Moscow Arbitration Court granted the statement of the Kotlas Central Bank and the Bratsk LPK, in which enterprises were requested to invalidate the order of the FCCB of Russia dated 09.23.02. This order obliged the Petersburg Central Registration Company CJSC (PCRK) to resume operations in the register of shareholders of KCBK OJSC and BKH OJSC. The decision of the Moscow Arbitration Court meant that the PCRK did not have and did not have the right to conduct operations in the register of shareholders of the Kotlas Central Bank and the Bratsk LPK and is not an appropriate register of enterprises.

In addition, even before the register of the FCCB, contracts for maintaining register of plants with the PCRK were terminated and new agreements were concluded with CJSC Energy Registrar, the legality of which was confirmed by the Moscow Arbitration Court in three instances, reports Lenta.ru .

The decision of the Moscow Arbitration Court confirmed that all the operations that the PCRK carried out in the register of plants are illegal, the Ilm Palp press release said.

As the director of legal issues "Ilm PALP" Natalya Cheltsova stated, the resolution of the cassation instance confirms that the PCRK is not the legal register of OJSC "KCBK" and OJSC "BKH", and the only proper register of these enterprises is OJSC "CMD".

“The question of the legitimate registrar is a key in legal conflict, which has been lined up around this corporate conflict. Today, the court finally confirmed the rights“ Im PALP “as the owner of the shares of these plants. This decision is fundamentally, since it determines the outcome of a delayed dispute for the shares of plants,” said the director of information and public relations, “Im PALP, Svyatoslav Bychikov.