24.06.2008

RUSSIAN JUDGES ARE SEEKING JUSTICE IN THE STRASBURG COURT Ex-judge of the Samara Region Arbitration Court Nadezhda Kostuchenko has applied to the European Court of Human Rights with a request to check legitimacy of the award to deprive her of powers. Source: Interfax

06.06.2008

RUSSIA’S RAIDERS: COMPANIES ARE PAYING PUBLIK OFFICIALS TO RAID THE OFFICES OF BUSINESS RIVALS AND SUBJECT THEM TO CRIMINAL INVESTIGATIONS It seemed like any other workday at Togliatti Azot, a giant chemical factory in Russia's Samara region, on the Volga River 600 miles east of Moscow. Engineers were on their morning rounds, and union representatives had just finished a talk about financial support for newlyweds. Then around 11 a.m., dozens of men dressed in camouflage and toting automatic weapons charged into the administration building. "We thought it was a terrorist attack," Sergei Korushev, the plant's deputy director, says of the September, 2005, raid. Source: Business Week

21.05.2008

DIRECT AND EVIDENT THREAT: HOW TO FIGHT WITH RAIDERSHIP DESTROYING NATIONAL ECONOMY One of the main tasks confronting the country as a whole and especially State power is to create favorable conditions for running a business and developing entrepreneurship, as President Medvedev declared more than once. That, in its turn, presupposes first of all protection of property. The Head of the State, having recently taken up his post, is caught here by a very powerful and evasive enemy – raiders, who have been living and thriving for the second ten of years and have especially developed for the last 4-5 years. And who can be defeated only if blocked all around. Just that very conclusion was drawn in the report of the president of the Centre of Political Technologies Igor Bunin “Raidership as a social, economic and political phenomenon of Modern Russia” which he presented yesterday. Source: Moscovsky Komsomolets

14.05.2008

JUDGE TELLS OF KREMLIN THREAT A senior federal judge has testified in court that a Kremlin official threatened to derail her career if she did not reverse a ruling handed down against the Federal Property Fund. Source: The Moscow Times

24.04.2008

PRESIDENT OF TOGLIATTIAZOT, VLADIMIR MAKHLAI, AWARDED THE ORDER OF HONORARY CITIZEN OF RUSSIA The Order of Honorary Citizen of Russia awarding ceremony was held at the President Hotel in Moscow. This order is a public award for persistent and effective activity contributing to the strengthening of power, dignity and prosperity of the Russian Federation. Over the years of its existence, more than a thousand business managers, scientists, physicians, educators, cultural figures and sportsmen have been nominated for this award. Source: RBC Daily

27.12.2007

TogliattiAzot Has Gained a Victory over an Offshore Shareholder The Tverskoy District Court of Moscow has found a resolution in the dispute between the General Prosecutor’s Office and the Investigating Committee of the Russian Federation Ministry of Internal Affairs with respect to the legality of a new criminal suit against Vladimir Makhlay, TogliattiAzot President, and Alexander Makarov, TogliattiAzot CEO, which was instigated by the Investigating Committee. Source: Kommersant

25.12.2007

All-Round Defence of TogliattiAzot The details of the Federal Arbitration Court of Povolzhsky Territory related to the case of privatization of 6.1% shares of TogliattiAzot (ToAz), the largest world producer of ammonia were made public. Source: Parlamentskaya Gazeta

07.12.2007

Endless Trials One can understand the state of affairs at the giant chemical company and the largest in the world ammonia producer from the fact that its employees celebrate allowance of cassational appeal as a majour victory in their fight with raiders.they According to the Interfax agency, the Federal Arbitration Court of Povolzhsky Territory has recently sent the case of privatization of 6.1% of TogliattiAzot (ToAz) shares for review. It is going to bethe third reviewal of the case. Source: Komsomolskaya Pravda

30.11.2007

BATTLES AGAINST RAIDERS Talks were held at the Moscow headquarters of the Russian Union of Manufacturers, on the topic of raider’s actions, the current most serious problem to affect Russia’s economic development. Source: Rossiyskaya Gazeta

15.10.2007

Victors need never explain There appeared to be some hope for TogliattiAzot (ToAz), which is currently engaged in numerous legal proceedings. The Supreme Arbitration Court has responded to an appeal lodged by ToAz against the decision of the Samara Region Arbitration Court that had ruled that the exchange of the 51% Transammiak shares for 6.1% of TogliattiAzot shares had been invalid. This event has been followed by the Togliatti District Court decision, in which the criminal proceeding against Vladimir Makhlay, the TogliattiAzot Chairman was quashed. Source: Kompania

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