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Judge Orders "Ararat Brandy & Wine" To Hand Over Financial Report

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  • Judge Orders "Ararat Brandy & Wine" To Hand Over Financial Report

    JUDGE ORDERS "ARARAT BRANDY & WINE" TO HAND OVER FINANCIAL REPORT

    http://hetq.am/en/court/ostinvestor-ararat /
    2010/03/04 | 16:30

    court

    At today's trial session in the on-going legal battle between the
    German firm "Ostinvestor" and Gagik Tsarukyan's "Ararat Brandy and
    Wine", Judge Melkumyan sustained the motion of "Ostinvestor" to have
    Ararat Brandy hand over company documents regarding the valuation of
    50% of stock owned by "Brandy Bridge.

    "Ostinvestor" had requested the account information from Ararat
    Brandy but never obtained the documents. Davit Danielyan, one of
    the German firm's attorneys, warned that they would petition the
    Compulsory Enforcement Service to procure the paperwork if Ararat
    Brandy disregarded the court's ruling. Judge Melkumyan postponed the
    trial until he heard back from Ostinvestor as to whether they had
    received the report or not.
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