The Maltese FIMbank (First International Merchant Bank), 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 Maltese FIMbank intends to make complains about the resolution of the Paris Court. Paris Court of High Instance (Tribunal Le Grande Instance de Paris) passed a resolution in favor of the Azerbaijani side on cancellation of the arrest on the finances of the Ministry in amount of в'¬6,5 mln allocated to Eutelsat S.A, Trend reports with reference to the Ministry of Communications & Information Technology of Azerbaijan. The Bank refuses to agree with it and has already appealed to the Appeal Court.
The Appeal Court will announce its resolution on this issue in January 2007, the same source stated.
If the Appeal Court passes a resolution in favor of the Bank, the Azerbaijan side will not agree with it. The Resolution of the Paris Court was passed on November 10. According to the resolution, the bank should pay off в'¬5,000 for inflicting moral damage to the Azerbaijan side and an additional в'¬9,000 for expenditures on court procedure affairs.