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Maltese FIMbank to present additional witnesses against Azerbaijani government

ICT Materials 23 February 2009 16:03 (UTC +04:00)

Azerbaijan, Baku, Feb. 23 / Trend , S.Babayeva/

Maltese FIMbank, which filed a lawsuit against the Azerbaijani government at the Rotterdam Court, asked the court to hear additional witnesses, the Azerbaijani Communications and IT Ministry said on Feb. 23.

The bank demands that the Azerbaijani government pay loans issued to two telecommunications companies under a state guarantee.

The IT Ministry was commissioned to protect the interests of the government.

"The court should specify the witnesses for the hearings by August," the ministry said.

Earlier hearings were held in December 2006 and June 2007.

The Rotterdam Court said the bank's evidence against the government was not sufficiently convincing.

Under the court's decision, the bank must submit additional evidence within 6 weeks proving their claim.

Instead the bank asked the court to hear additional witnesses.

The ministry submitted all necessary documents to the court, including the decision of a French court in favor of Azerbaijan.

The IT Ministry assesses the bank's actions as a means to delay the juridical procedures.

The bank filed a lawsuit against the government and demanded to pay a loan amounting to $4.5 million. The bank claims that the amount was issued to two telecommunications companies under a state guarantee.

The bank's first lawsuit was filed at courts in Rotterdam and Paris in July 2004.

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