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Court orders seizure of Telenor stake in Vimpelcom

  • Paul, Weiss, Rifkind, Wharton & Garrison LLP
  • -
  • Russia
  • -
  • March 20 2009

Telenor’s ongoing legal battle with Russia’s Alfa Group took a dramatic turn this week, as a Siberian court froze Telenor’s stake in Russian wireless operator Vimpelcom after the Norwegian carrier refused to pay a US $1.7 billion claim that was ordered by the same court last month