Court Session to be Held in Rotterdam on Cases of FIMbank and Azeri Government
Today, December 18, the next session will be held in the Rotterdam court 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. Today, the Court will hear the evidences of the witnesses, Trend reports with reference to the Communications Ministry of Azerbaijan. Earlier, the Bank did not agree with the proposal of the Communalizations Ministry to hold the hearing of 8 witnesses in Azerbaijan. Ministry insisted on conducting the hearing in Rotterdam. Azerbaijan has already achieved the first success in this court investigation. In November, Ministry of Communications & Information Technology of Azerbaijan received an official conclusion from the Paris Court of High Instance (Tribunal Le Grande Instance de Paris) in favor of the Azerbaijani side, which was passed on November 10 as a result of the court session on October 13. 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 court affairs.