Home Add to Favorite Contact Submit  
           07 May, 2021

Category:  Press » Legal


Court of Appeals Upholds VimpelCom's Acquisition of Ukrainian Radio Systems

         Views: 1479
2006-07-27 05:15:21     

Open Joint Stock Company "Vimpel-Communications" ("VimpelCom" or the "Company") (NYSE: VIP) today announced that the Court of Appeals affirmed the May 15, 2006 ruling by the Moscow Arbitration Court in favor of VimpelCom in one of the lawsuits filed by Telenor East Invest AS. VimpelCom is pleased with the ruling, which once again upholds the validity of the September 2005 shareholder vote that approved VimpelCom's acquisition of CJSC "Ukrainian Radio Systems" ("URS") as an interested party transaction.

Today's court ruling is subject to further appeal.

This press release contains "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act and Section 21E of the Exchange Act. These statements relate to the possible appeal of the court decision described above. There can be no assurance that Telenor will not appeal this decision and, if it does, that the decision will not be overturned on appeal. There can be no assurance that an adverse decision of the appeal court will not adversely impact the outcome to VimpelCom in the two additional pending lawsuits brought by Telenor against the Company challenging the URS acquisition. In addition, there can be no assurances that additional claims will not be made by Telenor or other third parties regarding the Company's acquisition of URS or other matters. In the event a decision unfavorable to the Company becomes binding in any pending or future court cases, including a decision for monetary damages and/or to unwind the URS acquisition, it could have an adverse effect on the Company, its business, its expansion strategy and its financial results. Certain additional factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risks described in the Company's Annual Report on Form 20-F for the year ended December 31, 2005 and other public filings made by the Company with the United States Securities and Exchange Commission, which risk factors are incorporated herein by reference. The Company disclaims any obligation to update developments of these risk factors or to announce publicly any revision to any of the forward-looking statements contained in this press release, or to make corrections to reflect future events or developments.

Specialized in: Appeals - Acquisition - Ukrainian
Print press release      Bookmark this page
Related Press releases 
Fairfax Title Company Answers How Mortgage Refinancing Works (Popularity: ): Fairfax, Virginia (press.abc-directory.com) December 2, 2019 - Mathis Title Company, a Fairfax title company, recently published a blog called "How Mortgage Refinancing Works to help homeowners better understand the refinancing process. This can assist them in getting better refinancing deals and saving money for other investments.Mortgage refinancing is the process of replacing an existing mortgage with a new loan, often with a loan that offers lower monthly payments, lower interest ...
McMahon & Winters Announces Sponsorship of Lancaster Newspapers' Food & Spirits Festival on 7/13/14 (Popularity: ): Lancaster, PA ( press.abc-directory.com ) June 19, 2014 - McMahon & Winters Law Firm is pleased to be a part of the Lancaster Newspapers' fourth annual Food & Spirits Festival as the parking sponsor. The Festival is an annual event showcasing local restaurants, vineyards, retailers, microbreweries, musicians, distilleries, and more. McMahon & Winters Law Firm is excited to join in this year's festival, dedicated to those who relish delicious food, ...
Two Happy Homes, Inc. Sponsors TDE - The Divorce Expo™ in Naperville (Popularity: ): Ann Arbor, MI, July 04, 2012 -- The first Metro Chicago The Divorce Expo™ will take place August 18 at the Hotel Arista, at CityGate Centre in Naperville. The expo is designed for those facing the challenges of divorce; whether they are considering divorce, currently living through a divorce or dealing with the aftermath. The event offers top experts in their fields, keynote speakers, 20 plus interactive seminars and demonstrations.“With ...
New Legal Advice Engine launched for Solicitors and Law Firms (Popularity: ): Legal question and answer company, Expert Answers Ltd, has launched its Online Legal Advice Engine for use by solicitors and law firms in the United Kingdom.Online legal advice specialist, Expert Answers Ltd, has announced the launch of its new Legal Advice Engine for solicitors and law firms in the UK. This engine will benefit solicitors and law firms in three ways:• an additional service to offer clients • revenue generation • source ...
Leading Atlanta Law Firm gets a New Web Presence (Popularity: ): MENLO PARK, CA -- December 10, 2012 - Martenson, Hasbrouck & Simon LLP, a leading Atlanta, GA, based law firm recently launched their redesigned website with a new look web presence designed by Flying Cow Design. The law firm's new website is designed to address the changing legal needs and connect with a growing web-savvy audience. The law firm is among the leading law firms in Atlanta, GA, specializing in ...

Related Business 
Minneapolis Bankruptcy (Popularity: ): Attorney James Whelpley was admitted to practice law in Minnesota in 1975, the Court of Military Appeals in 1976, the U.S. District Court, District of Minnesota in 1981 and the 8th Circuit Court of Appeals in 1982. Jim started out as a lawyer in the Marine Corps, handling both criminal and civil cases, and has handled a broad range of litigation in 30 years.
Chad Ruback, Appellate Lawyer (Popularity: ): A former court of appeals briefing attorney, Dallas appellate lawyer Chad Ruback devotes his practice to handling appeals and trial court motions likely to be at issue on appeal. Chad Ruback is the youngest appellate attorney ever to have been named one of "The Best Lawyers in Dallas" by D Magazine. Chad's rapid success can be attributed to the fact that he has limited his practice to handling appeals and ...
KBA Systems (Popularity: ): System integrators and business solution providers including radio frequency (RF), data acquisition, shop floor control and quality software systems.
Legal Costs Consultants and Costing Services (Popularity: ): Pattison Hardman has been the recognized leader in legal costing services, legal rights and legal costs consultants in Sydney, NSW. We believe in providing quality legal costing services.Pattison Hardman has been retained to advise on multi-party, multi-cost orders and matters in the High Court of Australia, Federal Court of Australia, Administrative Appeals Tribunal, Family Court, Supreme Court of New South Wales, Land & Environment Court, District Court of New South ...
National Organization of Veterans' Advocates (NOVA) (Popularity: ): Provides legal representation to American veterans and their dependents at the U.S. Court of Appeals for Veterans Claims. Site includes overview of the claims process, membership information, legislative updates and court decisions, amicus activity, and description of services.
Sercel (Popularity: ): Provides seismic acquisition systems based on cable, radio telemetry and vibrators. Includes news, brochures, a catalog of products and services.
Trilingual Ukrainian Dictionary (Popularity: ): Dictionary using English, French and Ukrainian. The Ukrainian includes definitions, grammar, synonyms and examples.
A.A. Lab Systems Ltd. (Popularity: ): Develops electronic laboratory test equipment including anemometers, air speed calibrators, pressure measurement systems, instrumentation amplifiers, remote data acquisition systems, isolated data acquisition systems, optical isolated links, liquid level sensors, piezo amplifiers. Includes product photographs and specifications.
Capitol District Information, Inc. (Popularity: ): Court services: federal, state and local courts nationwide with emphasis on U.S. Supreme Court, Appeals Courts, and U.S. District & Bankruptcy Courts; House and Senate documents, and State statutes, codes and rules; documents of all government agencies.
Ukrainian Dancers of Miami (Popularity: ): Dance group dedicated to the promotion and preservation of the Ukrainian culture, performing both traditional and contemporary Ukrainian folk dances. Performance schedule, membership, image gallery, and group history.