The St. Petersburg arbitration court of appeal withdrew the arrest of the shares of the companies in the transport and logistics group “Business lines”. Interim measures were introduced in early June at the suit of the structures of the heads of “Trust,” Mikhail Khabarov of A1 investment company, which won in the London international arbitration (LCIA), seeking enforcement of its decision in the Russian Federation and require co-owner of “Business lines” Alexander bogatikova $58 million At the same time a Cyprus court entered its interim measure and was banned on the island the structures of mister bogatikova to sell assets, including shares in companies “Business lines”.Thirteenth arbitration appeal court of St Petersburg quashed the arrest of shares of group companies “Business lines”, follows from the decision dated 10 August, published in the files of arbitration cases. Interim measures were imposed in early June, at the suit of Caledor Consulting Limited (owned by the CEO of the Bank “trust” Mikhail Khabarov of A1 investment company). The company demanded to recognise void the sale Doglemor Trade controlled by the co-founder of “Business Lines” to Alexander Bogatikov, 100% shares of “Business lines” and return this package to the defendant. In the early years of the London court of international arbitration (LCIA) ruled that Mr. bogatikova, Doglemor and Cypriot DL Management (also controlled by the businessman) of $58 million under the claim Caledor demanded to recognise void the transaction on transfer from Doglemor shares of group companies “Business lines” in “0578” and “DL-TRANS” to return these shares in Doglemor, and to introduce interim measures to ban transactions in respect of shares of group companies “Business lines”, the exit of members from their capital, alienation and encumbrance of shares, change their share capital and amendments to the Charter.Now the court of appeal decided “to cancel the definition completely and resolve the issue on the merits.”The representative of the company PB Legal, acting on behalf of mister Habarova, told “Kommersant” that the decision will not impact on the process in General: “Measures in the Russian Federation has repeatedly accepted and cancelled, we are sure to be taken again.” It is important that it retains the measures adopted by the Cypriot court in relation to Alexander bogatikova and Doglemor forbidding them to alienate assets, including shares in group companies “Business Lines”, he concluded.According to RBC, July 28, a Cypriot district court imposed interim measures on the company Alexander bogatikova, including Doglemor, its subsidiary Fiddletown, and DL Management and Valerson Investments. Measures have affected residential real estate businessman in Cyprus worth €2 million to the Partner of the law firm “Rustam Kurmaev and partners” Dmitry Klyachkin notes that the abolition of the arbitration court in this case is not connected with the solution of the Cyprus district court to ban Mr Bogatikova to manage their own and��tevami. The latter most likely caused by the need to establish a base to further secure the claim on the claim of Michael Habarova in that case, if Alexander Bogatikov still the court will have to fully pay on claims former partner, the lawyer says. At this stage of the dispute to make predictions difficult, says Mr. Klimochkin. It will be necessary to study the correlation of claims in Cyprus and in Russia, he adds. The Cyprus court, of course, the decision will be read carefully, but here are some conclusions from this will do — is unclear, concludes Dmitry Klyachkin.Anastasia Vedeneeva
