Azeri Communications Ministry Received Official Conclusion from Paris Court on Case of Maltese FIMbank
The Ministry of Communications & Information Technology of Azerbaijan has received an official conclusion from the Paris Court of High Instance (Tribunal Le Grande Instance de Paris) on the case of Maltese FIMbank (First International Merchant Bank), which in July 2004 raised a claim against the Azerbaijani Government regarding the non-payment of credit issued under the guarantee of the Communications Ministry and AKB Pochtbank to non-existent enterprises of the Ministry, Aztell in amount of $3,035,000 and Baktell - $1,560,000.
The resolution was passed on 10 November as a result of the court session on 13 October, Trend reports quoting the Head of the Law and Human Rights Department of the Communications Ministry, Bakhtiyar Mammadov.
According to the resolution, the bank should pay off в'¬5,000 for inflicting moral damage to the Azerbaijani side and an additional в'¬9,000 for expenditure on court procedure affairs.
According to the representative of the Ministry, on 18 December the Rotterdam court will hold a hearing of the witnesses.