2024-09-18 22:20:27
On August 13, the General Jurisdiction Court of the First Instance of the city of Yerevan partially granted the motion to secure the claim of “Yucom” closed joint-stock company, in that it prohibited “TIM” JSC to conclude a transaction for the purchase of shares of “Veon Armenia” PJSC and to submit for registration the proceeds arising from the transaction. rights.
“Yucom” CJSC filed a lawsuit against “TIM” limited liability company in the court of first instance of Yerevan city, asking to confirm that under the existing conditions, during the negotiation process of “Veon Armenia” CJSC’s shares acquisition by “TIM” LLC, undisclosed assets belonging to “Yucom” CJSC the use of information and the violation of fiduciary obligations by the founders of “TIM” LLC to “Yucom” CJSC constitutes unfair competition, as well as to oblige “TIM” SP to stop unfair competition.
It should be noted that “Yucom” had mediated to apply a means of securing the claim, in particular, prohibiting “TIM” LLC from conducting negotiations regarding the conclusion of the transaction regarding the acquisition of shares of “Veon Armenia” CJSC, as well as concluding the acquisition of shares of “Veon Armenia” CJSC. the negotiated transaction (sign the transaction and submit for registration the rights arising from the transaction).
Considering the specifics of the case, “Yucom” refrains from providing further information, but in the later stages of the case, as necessary, additional clarifications will be presented to the public.