Update on a claim involving Sistema

Acting in the interest of all shareholders and investors, Sistema discloses all material information in accordance with stock exchange requirements and best practices, and seeks to ensure maximum transparency in relation to all issues concerning the claim. 

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Information materials regarding the dispute 

20.07.2017 Sistema’s legal position regarding the motion to dismiss the claim
19.07.2017 Sistema's legal position regarding the petition to conduct a court-ordered economic analysis
20.05.2017 Information about the market price of Bashneft shares
20.05.2017 Buyback practise
18.05.2017 Presentation Re-organisationof Bashneft: creating value through corporate transformation

15.05.2017 Presentation "Bashneft under Sistema control: History and key achievements"

Documents on Sistema's position regarding the claim 

19.09.2017 Appeal to the Judgment passed by the Arbitration Court of Bashkortostan
19.07.2017 Expert opinion of Doctors of Law Tamara Abova and Sergey Zankovsky
19.07.2017 Opinion of the Institute of economics of the Russian Academy of Sciences on the lawsuit by Rosneft and Bashneft against Sistema 
19.07.2017 Summary table regarding the "experts" from FRII ELS who prepared the Opinion (with documentary evidence attached)
12.07.2017 Opinion of Clifford Chance. Analysis of certain questions regarding reorganisation
25.05.2017 Motion regarding the increase of the amount of claims
20.05. 2017 Corporate resolutions in relation to the reorganisation of Bashneft as part of preparations for a public offering  

Press releases and annual reports

23.08.2017 Sistema: regarding the decision of the Republic of Bashkortostan Arbitration Court in the Rosneft case

17.07.2017 Sistema: effect on Sistema’s debt obligations of injunction in case brought by Rosneft and Bashneft

26.06.2017 Sistema: notified of court enforcement action in relation to shares of MTS, Medsi and BPGC

25.05.2017 Sistema: regarding motion to increase the amount of legal claim

 All press releases...

 

Timeline 

Timeline of the court dispute regarding Rosneft and Bashneft's lawsuit against Sistema and Sistema-Invest 


Publications

01.09.2017 Arguments of unparalleled strength - Kommersant
23.08.2017 Rosneft Prevails in Lawsuit Against Sistema - The Wall Street Journal
23.08.2017 Russian Conglomerate’s $2.3 Billion Fine May Chill Investors - The New York Times
07.08.2017 Russia's 'Darth Vader' Takes On Another Billionaire In Massive Lawsuit - Forbes
17.07.2017 In Russia, battle between Rosneft and private firm stirs investment worries - The New York Times
07.07.2017 «Симметричный ответ «Системы»: к чему ведет тяжба с «Роснефтью» – Forbes
04.07.2017 «Система» пожаловалась генпрокурору на судебного пристава – «Ведомости»

All publications...