News

Media Statement

21.05.2019

We believe that the decision to deny Philippe Delpal’s appeal regarding the form of pre-trial detention is unjustified and we will continue to appeal to the higher courts. We are confident that the courts will establish the facts of this case and confirm that our colleagues are innocent.

The pre-trial detentions of Philippe Delpal, Ivan Zyuzin, Vagan Abgaryan and Maxim Vladimirov related to a commercial dispute are illegal. The claimant has abused the legal system and involved state authorities in an attempt to resolve a dispute between shareholders by initiating a criminal case against his business partners. The claimant appears ready to stop at nothing in his pursuit of control over Vostochny Bank, instead of pursuing claims via arbitration, which is the correct legal forum for such disputes.

For further information, please contact:

Denis Denisov
EM
+79854103544
bvcp@em-comms.com

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