JUDGE ORDERS "ARARAT BRANDY & WINE" TO HAND OVER FINANCIAL REPORT

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2010/03/04 | 16:30

court

At today’s trial session in the on-going legal battle between the
German firm "Ostinvestor" and Gagik Tsarukyan’s "Ararat Brandy and
Wine", Judge Melkumyan sustained the motion of "Ostinvestor" to have
Ararat Brandy hand over company documents regarding the valuation of
50% of stock owned by "Brandy Bridge.

"Ostinvestor" had requested the account information from Ararat
Brandy but never obtained the documents. Davit Danielyan, one of
the German firm’s attorneys, warned that they would petition the
Compulsory Enforcement Service to procure the paperwork if Ararat
Brandy disregarded the court’s ruling. Judge Melkumyan postponed the
trial until he heard back from Ostinvestor as to whether they had
received the report or not.