MOSCOW, December 23 - RAPSI, Sergei Feklyunin. A commercial court will hear on February 27 a lawsuit filed by Viktor Baturin, the brother of Russia's richest woman and owner of the Inteco developer Yelena Baturina, to invalidate the company's sale, the Russian Legal Information Agency (RAPSI/rapsinews.com) reports from the courtroom.
Inteco, the defendant, is a diversified company and Russia's development market leader.
Baturin, Inteco co-founder, requested to invalidate the company's sale and to restore the shareholders' register entry about his ownership of a 25-percent interest in Inteco.
Earlier, the court dismissed Baturin's request to introduce interim relief in the form of seizure of Inteco's 25-percent stake and to ban his sister from any transitions with the shares.
According to Baturin's statement of claim made available to RAPSI he shared the company with Yelena 50:50 as was indicated in the shares issuance report dated February 14, 2000.
In February 2007, he and his sister entered into a settlement agreement whereby he owned 25 percent in the company and his sister committed not to dispose of Inteco shares without his consent.
In Baturins view, by selling the 100-percent stake in Inteco, his sister also disposed of his shares, which she did not own. For this reason, he wants the transaction to be declared null and void.