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Supreme Arbitration Winds Up Moscow Subordinate
Russia’s Supreme Arbitration Court of Anton Ivanov has elaborated a bill to put an end to all clashes with Moscow Arbitration Court of Oleg Sviridenko. The bill sets forth winding up Moscow Arbitration. Instead, it is proposed to establish three new courts in view of the territorial principle. Supreme Arbitration took this move once, contrary to Ivanov’s opinion, Moscow Arbitration upheld the suit of tax bodies to PricewaterhouseCoopers Audit.
Past December, the Moscow Tax Inspection lodged an arbitration suit against PricewaterhouseCoopers (PwC), blaming on it the assistance to Yukos in tax evasion under Clause 169 of the Criminal Code. At that time, Supreme Arbitration Court Chairman Anton Ivanov explicitly said that Clause 169 could be applied only in extraordinary cases.
“It is necessary that market players remain confident there are fundamentals that couldn’t be broken. If Clause 169 of CC is applied without grounds, the faith in contracts’ stability will be shaken,” Ivanov was clearly instructive, to no avail though.
On March 20, Moscow Arbitration upheld the tax suit, declared null and void the contracts for Yukos audit and ruled to collect to the budget as much as $480,000 of auditor’s remuneration.
On the next day, the Higher Qualifying Panel of Judges refused to recommend for the next term Anatoly Antoshin, deputy chairman of Moscow Arbitration and close mate of Oleg Sviridenko. In the next effort, Supreme Arbitration Court initiated a bill to deliver a deathly blow to its Moscow subordinate.
www.kommersant.com
All the Article in Russian as of Mar. 23, 2007
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