News

JOINT STATEMENT OF EVISON HOLDINGS LIMITED AND IC FINVISION HOLDINGS

28.10.2020
The Shareholders of Vostochny Bank have settled their corporate dispute. IC Finvision Holdings (“IC Finvision”) and Evison Holdings Limited (“Evison”) (together the “Shareholders”) signed a settlement agreement (the “Settlement Agreement”) to the benefit of the Bank, its clients, depositors and creditors.

Under the terms of the Settlement Agreement all claims in Russian and foreign courts and all arbitrations will be withdrawn. The process may take approximately two months.

The Settlement Agreement addresses all legal disputes and claims between the Shareholders including the arbitration matters but it is in no way concerned with the criminal case against former directors of Vostochny Bank.
The Shareholders confirm that the corporate dispute between the Shareholders has no connection to the criminal case. Any information disseminated in Russian and/or foreign media regarding any alleged connection between the corporate dispute and the criminal case is expressly denied and refuted by the Shareholders.

By agreeing and signing the Settlement Agreement, the Shareholders have put in place a solid foundation on which to maintain and build future relations.  The Shareholders will continue to devote their mutual efforts and resources for the further development of Vostochny Bank. Under the terms of the Settlement Agreement the Shareholders have agreed that this will be the only public announcement regarding the Settlement Agreement’s content (which is confidential, privileged and private to the Shareholders).

Contacts

RUSSIA

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6th Floor, 125196, Moscow

Tel.: +7 495  967 1307 | Email: info@bvcp.ru

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Tel.: +44 1481 736 947 | Email: info@bvcp.gg