Today the Basmanny Court once again prolonged the house arrest of the founder of Baring Vostok Michael Calvey, without any legal basis for the arrest.
Baring Vostok funds are very concerned about potential violations with the bank’s formal approach to meeting the Central Bank requirements, and about continuing issues with Vostochny’s asset quality that may require an additional RUB 10-15 billion of provisions be created.
BVCP statement on ruling by Amur Court of Arbitration.
BVCP statement regarding court refusal to change form of detention for Michael Calvey.
BVCP statement concerning the rejection of appeal against prolongation of the pre-trial detention.
Baring Vostok Funds and PJSFC Sistema have provided a RUB 10 billion convertible loan to Ozon, Russia’s leading multi-category online sales platform.
BVCP statement regarding pre-trial detention of Ivan Zyuzin, Vagan Abgaryan and Maxim Vladimirov.
Baring Vostok welcomes the applications made by the Investigative Committee for Michael Calvey and Alexey Kordichev to be transferred to house arrest, and hopes that the court will give due consideration to the applications.
BVCP statement regarding Philippe Delpal’s pre-trial detention.
Regarding lawsuit filed by Finvision Holdings.
Baring Vostok Capital Partners announces that following an appeal hearing on the pre-trial detention of BVCP Partner Philippe Delpal, the Moscow Municipal Court refused to change the form of detention for Mr Delpal to house arrest. BVCP intends to appeal this decision in higher instance courts.
Baring Vostok Capital Partners announces that following an appeal hearing on the pre-trial detention of BVCP Founder Michael Calvey, the Moscow Municipal Court refused to change the form of detention for Mr Calvey to house arrest. BVCP intends to appeal this decision in higher instance courts.
Baring Vostok Capital Partners announces that following appeal hearings regarding the pre-trial detention of BVCP Investment Director Ivan Zyuzin and Partner Philippe Delpal, the Moscow Municipal Court rejected a motion to amend the detention of Ivan Zyuzin, while Philippe Delpal’s hearings were rescheduled to 1 March. BVCP intends to appeal the court’s decision regarding Ivan Zyuzin in higher courts.
Baring Vostok Capital Partners announces that following an appeal hearing with regard to the pre-trial detention of BVCP partner Vagan Abgaryan, the Moscow Municipal Court refused to change the form of detention for Mr Abgaryan to house arrest.
Baring Vostok Capital Partners confirms that formal charges have been filed against its employees Michael Calvey, Vagan Abgaryan, Philippe Delpal and Ivan Zyuzin, under part 4 of article 159 of the Russian criminal code.
Elena Ivashentseva, Senior Partner at Baring Vostok Capital Partners, took part in a session of the Russian Union of Industrialists and Entrepreneurs’ International Council for Cooperation and Investment. The ad hoc session of the committee was chaired by Alexander Shokhin to discuss the arrest of Michael Calvey and his colleagues.
In light of recent events, Baring Vostok Capital Partners (BVCP) announces that it continues to conduct business as usual, and that Senior Partner Elena Ivashentseva and Co-Founder Alexei Kalinin have jointly taken on the responsibilities of leading BVCP.
Baring Vostok Capital Partners comments on inaccurate media reports.
Yesterday the Moscow Bassmaniy Court extended its hearing to decide on pre-trial restrictions for Michael Calvey, while leaving him under detention for an additional 72 hours.
Baring Vostok believes that the detention of its employees and the charges that have been brought are a result of a conflict with shareholders of Vostochniy Bank.