Tweet
OSTINVESTOR CEO: COURT VERDICT WAS "RIDICULOUS"
Kristine Aghalaryan
http://hetq.am/eng/news/25023/ostinvestor-ceo-court-verdict-was-ridiculous.html
12:46, April 2, 2013
Stefan Laxhuber, the CEO of Ostinvestor, today told Hetq that the
March 27 verdict of a Yerevan courtregarding his suit against Gagik
Tsarukyan's Yerevan Ararat Brandy-Wine-Vodka Factory (YABWV), was
"ridiculous".
On March 27, a Yerevan court ordered Gagik Tsarukyan's Yerevan
Ararat Brandy-Wine-Vodka Factory (YABWV) to pay German investment
firm Ostinvestor, 14.8 million AMD ($36,662) in compensation in a
case that dates back to 2009.
Laxhuber said that he was finally expecting something rational.
"We are very disappointed and are currently discussing the verdict"
Mr. Laxhuber told Hetq.
The German CEO said Ostinvestor would take the matter to the European
Court of Human Rights and was confident of winning since the right
of ownership had been severely violated in Armenia.
From: Baghdasarian
Kristine Aghalaryan
http://hetq.am/eng/news/25023/ostinvestor-ceo-court-verdict-was-ridiculous.html
12:46, April 2, 2013
Stefan Laxhuber, the CEO of Ostinvestor, today told Hetq that the
March 27 verdict of a Yerevan courtregarding his suit against Gagik
Tsarukyan's Yerevan Ararat Brandy-Wine-Vodka Factory (YABWV), was
"ridiculous".
On March 27, a Yerevan court ordered Gagik Tsarukyan's Yerevan
Ararat Brandy-Wine-Vodka Factory (YABWV) to pay German investment
firm Ostinvestor, 14.8 million AMD ($36,662) in compensation in a
case that dates back to 2009.
Laxhuber said that he was finally expecting something rational.
"We are very disappointed and are currently discussing the verdict"
Mr. Laxhuber told Hetq.
The German CEO said Ostinvestor would take the matter to the European
Court of Human Rights and was confident of winning since the right
of ownership had been severely violated in Armenia.
From: Baghdasarian