OREANDA-NEWS. November 01, 2010. The Ninth Arbitration Court of Appeal of the City of Moscow dismissed the appeal of BTA Bank JSC (Kazakhstan) against the ruling of the Moscow Arbitration Court dated August 26, 2010, which confirmed legitimacy of the actions by the Bank of Russia and Department of the Federal Tax Service for the City of Moscow related to approval and state registration of the Articles of Association of AMT BANK LLC in February-March, 2010. Thus, the court ruling, made in favour of the Bank of Russia and Department of the Federal Tax Service for the City of Moscow took legal effect, reported the press-centre of AMT BANK.

AMT BANK LLC is pleased about the ruling taken by the appeal instance, which confirmed the legitimacy of actions of both regulatory bodies and collegial bodies of the Bank.

It should be reminded that BTA Bank JSC (Kazakhstan) already made attempts in the past to judicially dispute rulings of management bodies of the Bank related to, among other things, renaming (please, see below the history of legal proceedings). All of the rulings were made in favour of AMT BANK LLC, which judicially confirmed the fact that all of the actions of the Bank’s bodies had been legitimate and corresponded to the law of the Russian Federation.

The history of previous legal proceedings:

August 6, 2009 – Moscow Arbitration Court dismissed an action of Kazakhstan BTA Bank for recognition of the resolution of stakeholders dated 13.04.2009 as invalid

October 28, 2009 - Moscow Arbitration Court dismissed an action of Kazakhstan BTA Bank for recognition of the resolution of stakeholders dated 29.04.2009 as invalid

November 26, 2009 - the Ninth Arbitrage Court of Appeal of the City of Moscow dismissed an appeal of Kazakhstan BTA Bank JSC against the ruling of the Moscow Arbitration Court dated 06.08.2009

January 18, 2010 - the Ninth Arbitrage Court of Appeal of the City of Moscow dismissed an appeal of Kazakhstan BTA Bank JSC against the ruling of the Moscow Arbitration Court dated 28.10.2009

March 17, 2010 - Moscow Arbitration Court dismissed an action of Kazakhstan BTA Bank for recognition of the resolution of stakeholders dated 11.08.2009 as invalid

May 21, 2010 - the Ninth Arbitrage Court of Appeal of the City of Moscow dismissed an appeal of Kazakhstan BTA Bank JSC against the ruling of the Moscow Arbitration Court dated 17.03.2010.