Court will return to "Opening" and O1 Group dispute on bonds on June 28

The businessman, the public figure and the founder of the Museum of the Russian impressionism Boris Mintz at an exhibition of the Wife in the Museum of the Russian impressionism in Moscow

Moscow, on May 25 — information agency "RIA Novosti". Arbitral tribunal of the city of Moscow postponed for June 28 consideration claims sanified PUBLIC JOINT-STOCK COMPANY BANK "FK OTKRYTIE" who demands to recognize invalid a number of the interconnected transactions with participation of companies by O1 Group of the businessman Boris Mints and to apply consequences of their invalidity, the correspondent of information agency "RIA Novosti" from a court hall reported.

In claim, arrived in court on October 31, "Opening" initially demanded to recognize invalid acquisition transactions in August as bank bonds O1 Group Finance for the sum about 34 billion rubles and the transactions of early cancellation of credit agreements made at the same time between "Opening" and O1 Group Limited and security contracts banks with companies O1.<"37>" groups

Open petitions

At preliminary meeting in February the claimant declared the petition for specification of claim requirements. He did not report an essence of specifications, however, according to representatives of respondents, specification is, in fact, refusal from claims in contest of transactions of early cancellation of credit agreements and the relevant security contracts. Court while left the petition for specification open.

Respondents in claim are specified nine companies, including O1 Group Limited, LLC "Semela", LLC "O1 GROUP FINANCE". At meeting on Friday the representative of respondents of Nori Holding Limited and Centimila Services Limited declared that claim concerning these Cyprian companies has to be left without consideration as in contracts with them there is an arbitration reservation on consideration of disputes in the London international arbitration court. This petition court also while left open.

the Court postponed hearings for granting by the parties of additional proofs.

the Arbitration Moscow in November according to the petition of the claimant took interim measures in the form of arrest of large equity stakes of the Cyprian O1 Properties Limited, and also belonging O1 Group of the business center of Nevis in Moscow. In definition of vessels about acceptance of interim measures it is said that, according to the statement banks ", during early execution by respondents of obligations under (four) credit agreements … the claimant lost providing for the sum more than 30 billion rubles in view of coordinated actions of respondents".

At meeting in December the representative of "Opening" declared that the decision to address with claim was accepted during actions for sanitation banks after it became clear that harm of more than 34 billion rubles is done to his creditors, and interim measures are necessary to prevent a possible conclusion of assets respondents.

At the same time as the representative of O1 Group declared, company does not consider that the damage, especially of 34 billion rubles as credits were extinguished in full was caused to creditors. In claim it is a question of providing loss for this sum that is not causing damage, the representative of respondents noted. He also declared that on bonds which were redeemed partially by PUBLIC JOINT-STOCK COMPANY BANK "FK OTKRYTIE", the holding company O1 Group acted as the guarantor.

the Company O1 Properties (enters O1 Group Boris Mints) it was based in 2010, owns and with the total rented area of 584 thousand square meters operates a portfolio from 15 business centers in Moscow. The market cost of this portfolio makes, by data companies, 4,34 billion dollars.