Binningen, Switzerland – Ameropa, a Switzerland based grains and fertilizer company, who holds a minority stake in the Russian fertilizer company Togliatti Azot has filed a claim with the Government of the Russian Federation for damages caused to their investments by a series violations of Russian and international law.
The claim comes in reaction to actions undertaken by Uralchem, a Cyprus based fertilizer company owned by Dmitry Mazepin, who wants to acquire a majority stake in Togliatti Azot. Uralchem filed various criminal complaints against Togliatti Azot, its management and its majority shareholders, but also against Ameropa and their leadership team.
Although the criminal complaints have no support under Russian law and deliberate false statements have been made by the plaintiff, the courts did ignore evidence presented by the defendants. Independent reports were not allowed in court, plaintiffs did not present any reliable proof of the alleged damage. Although called a “victim” by Uralchem, Togliatti Azot itself has denied any damage caused to it. However, Togliatti Azot assets have been frozen and shares of Togliatti Azot have been arrested, along with assets and shares of other companies who have neither been accused nor involved in any transactions with Togliatti Azot.
– See more at: http://www.datsyn.com/press-release/6531/2015/11/04/Ameropa-Protects-Its-Investments-In-Russia-Threatened-By-Illegal-Raider-Attacks#sthash.ccrAU2jU.dpuf