Comment from an IPOC spokesman:

“The LV Finance statement released today about the outcome of the Zurich Tribunal is a tissue of lies and distortions.

“The Zurich arbitration did not reject IPOC’s case. It did not reach any decisions on the substance of the dispute between LV Finance and IPOC. And it most certainly did not vindicate LV Finance. The tribunal has asked for further evidentiary hearings before they make any rulings on the case.

“We remain confident of our case and that our ongoing legal actions will prove IPOC’s rightful claim to the disputed MegaFon stake.

“LV Finance’s statement is not just littered with inaccuracies, it is also clearly defamatory. IPOC is already suing LV Finance and the Alfa Group for fraud in the BVI. IPOC is now considering with its lawyers whether it needs to take further legal actions against LV Finance to address these defamatory statements.”

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