Article: Azerbaijan : Court seizes AzEuroTel bank assets.

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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