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Bankruptcy proceedings at Deripaska's pension fund terminated

17:41 17/11/2011

MOSCOW, November 17 - RAPSI, Alyona Yegorova. A commercial court terminated on Thursday bankruptcy proceedings over a non-governmental pension fund founded by Russian oligarch Oleg Deripaska, the Russian Legal Information Agency (RAPSI) reports from the courtroom.

Founded in 1994, the Socium pension fund is one of the oldest non-governmental pension funds in Russia.

The proceedings have been terminated upon the request of the fund and its bankruptcy administrator the Deposit-Siberia (Vklad Sibir) company.

The Moscow Commercial Court placed Socium into bankruptcy supervision on August 9 upon the request of Deposit-Siberia. Deposit-Siberia's claim was grounded on the court's June 8, 2010 decision, which awarded the company 40 million rubles in its lawsuit against the fund. Meanwhile, the pension fund appealed the judgment and asked to review the case.

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Bankruptcy proceedings at Deripaska's pension fund terminated

17:41 17/11/2011 A commercial court terminated on Thursday bankruptcy proceedings over a non-governmental pension fund founded by Russian oligarch Oleg Deripaska.
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