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Court of Appeal Hands Back Issue Regarding Additional Lien Related to TeliaSonera AB's Investment in Uzbekistan-Reuters


Wednesday, 16 Jan 2013 06:44am EST 

Reuters reported that Svea Court of Appeal will hand back the issue of additional lien against Takilant, which was TeliaSonera AB's counterparty in the investment in Uzbekistan, to the district court. Stockholm's District Court rejected in December 2012 additional lien for Takilant, in addition to approximately SEK 200 million that the district court froze in mid-October 2012. The reasoning was that the district court believed that a Swedish court had no right to consider the issue because the crimes were not considered to have taken place in Sweden. TeliaSonera reiterates that the Company is not guilty of bribery and money laundering. The Company held off on further comment until the law firm Mannheimer Swartling's review has been presented later in January 2013. 

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52.85
0.3 +0.57%
11:29am EST