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Sibneft Claims 11 mln

Russian oil group Sibneft announced yesterday that it would claim about 11 million rubles

Russian oil group Sibneft announced yesterday that it would demand about 11 million rubles for wrongly written off shares from the registrar.

In compliance with a ruling of Supreme Arbitrage Court Sibneft paid to its shareholder 11 million rubles. The shareholder had suffered a loss from 143,000 shares, which were written off by registrar because of forged power of attorney.

After that, Sibneft demanded through the Arbitrage Court from registrar R.O.S.T. and Insurance House VSK, which insured professional liability of the registrar, to compensate the oil company losses.

However, because the law does not consider collective responsibility, the court asked Sibneft to separate its demands to each individual defendant.