In AFK “System” named insolvent arguments of Rosneft in court

Moscow. June 6. INTERFAX.RU – AFK “System” considers untenable the argument of “Rosneft” and “Bashneft”, voiced by representatives of the plaintiffs in the first court hearing on the suit against the holding Vladimir Yevtushenkov.

Preliminary session of Arbitration court of Bashkortostan under the claim “Rosneft” and “Bashneft”, the “System” is 170.6 billion rubles took place on Tuesday. The main hearing is scheduled for June 27.

“AFK “System” remains convinced of the complete failure of the claim as a whole and stated during the preliminary hearing the alleged new evidence of the plaintiffs,” said the official representative of “the System” Sergey Kopytov. “All documents relating to the reorganization of “Bashneft”, including a separate balance sheet has been prepared in full compliance with corporate procedures and requirements of the current legislation”, – said the representative of “the System”.

During a preliminary hearing on Tuesday, Rosneft applied, in particular, on the admission of materials from the correspondence of the former management of “Bashneft” concerning, according to the plaintiff the point of action.

According to Rosneft, documents on reorganization NK signed “retroactively”. These facts were discovered as a result of audit and verification of the correspondence of the former top management of “Bashneft”.

In addition, according to Rosneft, the members of the Board of Directors and minority shareholders of “Bashneft” was not familiar with all the terms of the reorganization of the company.

Also, according to the representative of the plaintiff, separate balance sheet, which shall include the basic terms of reorganization was approved only on February 17, 2014 whereas, the Board of Directors and meeting of shareholders was held on 27 January and 3 February, respectively.

Separation balance sheet in accordance with the law “On joint-stock companies” is one of the key documents, discussed and approved by the shareholders ‘ meeting. This document identifies all the main conditions of reception-transfer of assets and liabilities.

Despite the fact that the representative of AFK “System” declared about the inadmissibility of attaching to the case brought by Rosneft of the evidence, the court has satisfied the corresponding petition of the plaintiff.