16 August 2006
Court cancels earlier judgment against Eurocement agreement

Following an appeal the Federal Arbitrage Court of Moscow region has today cancelled a judgment that the same Court had made on 25 July 2006 which refused to confirm the amicable agreement that had been reached between OJSC “Eurocement Group” and the Federal Antimonopoly Service of Russia earlier that month.

“We are please that today the Federal Arbitrage Court of Moscow Region has cancelled their earlier refusal to confirm amicable agreement between Eurocement and the Federal Antimonopoly Service of Russia. We can now look forward to this agreement being finally confirmed very shortly,” commented a spokesperson for Eurocement’s law firm, EPAM.