OREANDA-NEWS. August 01, 2008. The Moscow Arbitration Court will continue adjudicating the claim filed by the Federal Tax Service (FTS) to declare transactions with Russneft's shares as invalid.

As the court reported earlier, the case was postponed until June 27 due to the non-attendance of the arbitration court assessors, who should participate in the case proceedings. The defendants in the case are Yuran-Invest and Mlada, as well as Service-Reyestr Registrar.

At one of the past hearings, the court fully listened to the claimant's position as regards the case. It was highlighted at the hearing that the proceedings regarded a 5.5% share package in Russneft.

The deal between Yuran-Invest and Mlada was valued at RUB 5.83 mn, while the market value of this share package amounted to RUB 1.6 bn, according to FTS.