The date of the next hearing at the Rotterdam Court on Azerbaijan's proposal on the case of First International Merchant Bank (FIMBank) and the Azerbaijani Communications Ministry has been confirmed. Bakhtiyar Mammadov, the Chief of the Human Resources & Law of the Ministry, informed Trend that the hearing will be held on 18 December 2006.
On 10 December the Paris Court will consider the appeal by Azerbaijan on the cancellation of an arrest imposed on the Ministry of Communication of Azerbaijan for 500,000 shares invested by the French Company Eutelsat S.A. on its dividends at the rate of more than $1 on the basis of the suit brought on by the Bank.
In July 2004 the First International Merchant Bank (FIM Bank) filed a suit against the Azerbaijan Government regarding the non-repayment of credit supposedly issued against the security of Communication Ministry and JSCB Pochtbank to bogus enterprises Aztell and Baktell in the amount of $1,560,000 and $3,035,000, respectively.