The Evening Standard Covers Empreno's Legal Action against VTBC

Published in the The Evening Standard on February 3, 2016

VTB, meanwhile, has other issues of its own. The former owner of Bulgaria’s largest telecoms company, Vivacom, complained to the Serious Fraud Office this week, accusing VTB of allegedly seizing its stake in Vivacom and selling it “in a very substantial commercial fraud”. Vivacom’s main shareholder, Dmitry Kosarev, is also suing VTB for damages of more than €143 million for allegedly selling it far below its true value. VTB says the claims “have absolutely no credibility or legal basis” and doesn’t expect them to go any further. But maybe it will find Ghavami’s obvious courtroom expertise handy...