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Article: Azerbaijan : Court seizes AzEuroTel bank assets.
- Article from:
- TendersInfo
- Article date:
- February 26, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: pinto03
According to APA, the 1st Local Economic Court of Azerbaijan has seized the bank assets of UK-Azeri joint venture AzEuroTel for non-payment of its USD1 billion debt to state-owned telco AzTelekom. The assets will remain under court control until AzEuroTel pays all of its debts. AzTelekom filed a lawsuit against AzEuroTel with the Baku ...
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