Court Declared Null & Void Legal Actions Committing Norilsk Nickel
OREANDA-NEWS. February 24, 2012. OSJC MMC NORILSK NICKEL (further on – Company) makes public that Federal Arbitrage Court of the East-Siberian district had declared null and void legal actions committing the Company to disclosures in favor of UC RUSAL, reported the press-centre of Norilsk Nickel .
Back in December 2010, the UC RUSAL made a complaint to the Arbitrage of Krasnoyarsk Region demanding that the Company should present several documents. In March of 2011 the complaint was granted. However, the Company litigated the first instance court decision in the Third Arbitrage of Krasnoyarsk.
08.11.2011 - The Court of Appeal annulled the legal action of the first instance and satisfied only some of the UC RUSAL claims. Of the 14 requested documents, the Third Arbitrage Court of Appeal obliged the Company to disclose only 4. The Company appealed against this verdict as well. The cassational appeal was submitted to the Federal Arbitrage Court of the East-Siberian district.
21.02.2012 - The Court of Cassational Instance annulled the earlier actions and directed the case for a reconsideration to the first instance, having thus confirmed the illegal character of actions that were to force the Company to disclose the documents in the interest of UC RUSAL.




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