MOSCOW, July 25 - RAPSI. On Tuesday, the Ninth Commercial Court of Appeals upheld a lower court's dismissal of the Ukrainian Nemiroff Distillery lawsuit to reverse the resolution of the Nemiroff Trade House members meeting to replace the company's CEO, the court told the Russian Legal Information Agency.

The Nemiroff Trade House distributes Nemiroff products in Russia.

The Ukrainian company challenged the extraordinary meeting resolution whereby the then CEO Grigory Savinov was removed from office and replaced by Vladimir Zhelezov in June 2011. The Moscow Commercial Court held in favor of the trade house members' resolution and this judgment was supported by the appellate court on Tuesday.

Nemiroff Trade House shareholder Alexander Glus, who owns a 25-percent interest plus two shares in the Nemiroff Holding, was at daggers drawn with the remaining shareholders, in particular Yakov Gribov, who owns a 20-percent stake. The conflict began after the parties failed to agree on the price and terms of the company's acquisition by the Russian Standard holding company.

The parties were suing each other in courts in Russia, Ukraine and Cyprus. The Ukrainian Nemiroff vodka producer filed several lawsuits with the Moscow Commercial Court seeking to challenge the resolutions adopted by the Nemiroff Trade House.

Nemiroff Holdings Limited comprises the Nemiroff production company, which includes three distilleries in Nemiroff, Ukraine, a management company, the Alco Invest subsidiary, offices in Russia and Poland, and Nemiroff International with its headquarters in Budapest, Hungary.