The Moscow Arbitration Court dismissed the petition of the Bank of Moscow for the arrest of the property at $213 million, owned by AST Telman Ismailov. The reason for the suit is the desire of the bank to recover from the oligarch, having Azerbaijani origin, the debt of $ 197.3 million, RBC reports.
According to the newspaper "Kommersant", the businessman tried settle without court the issue with the repayment of the loan problem by selling his real estate in the capital of Russia (according to some sources, it was the restaurant "Prague".) But the deal fell through, and in late July, the Bank of Moscow appealed to the court.
According to the publication, other creditors also have claims to Ismailov. For more than a year ago, a group "Mangazeya" by Sergei Yanchukova through a court in Cyprus frozen the assets of the Ismailov and sued for $100 million. However, "Mangazeya" failed to obtain effective control over the assets of billionaire.
In late June, Ismayilov was close to losing Mardan Palace in Turkey.
Due to the multi-million dollar debt Turkish bailiffs were going to put the hotel up for sale, but at the last moment Ismailov was able to negotiate with the Turkish bank Xalk bankasi debt restructuring. Businessman has pledged to pay $100 million over the next four years. -02D-
Economics
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Azerbaijani President Ilham Aliyev has signed amendments to two presidential decrees, refining the roles and appointments of the State Customs Committee's representatives abroad, including in international organizations.
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Auditing organizations and independent auditors in Azerbaijan concluded 7,232 contracts valued at 133.2 million manats ($78.4 million) in 2023, reflecting increases of 20% in the number of contracts and 7.1% in their total value compared to the previous year, according to the Chamber of Auditors.
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The third meeting of the auction commission was held to evaluate the proposals submitted by participants in the auction for the Gobustan Solar Power Plant project, supported by the European Bank for Reconstruction and Development (EBRD). The meeting focused primarily on determining qualification eligibility and selecting the auction winner, according to the State Agency for Renewable Energy Sources.
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There is no sensationalism in the recent renaming of the Azerbaijani ship Karabakh to Mingachevir; the new name was given to the ship to ensure that two vessels would not operate under the same name, the Merchant Fleet of Azerbaijan Caspian Shipping Company (ASCO) CJSC told Turan.
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