OREANDA-NEWS. April 05, 2012. Moscow Arbitration Court allowed a claim of FAS Russia. The Court ruled that “Soft Systems Bank” Ltd. should be deprived of the voting rights at general meetings of the members of “Testing Laboratory for Tools and Systems of Information Support” Ltd. (“LISSI” Ltd.), reported the press-centre of FAS Russia.

Earlier FAS discovered that “Soft Systems Bank” Ltd., the only member of which is “SATTERFIELD MANAGEMENT LTD.” (the United Kingdom of Great Britain and Northern Ireland), established control over “LISSI” Ltd. without the required approval procedures. “LISSI” Ltd. is a company of strategic importance.

“LISSI” Ltd. is involved in technical servicing of encryption (cryptographic) aids, information encryption and is an economic entity of strategic importance.

Under the Federal Law “On the Procedures for Foreign Investments in Economic Entities of Strategic Importance for National Defence and State Security”, organizations under control of foreign investors also are recognized as foreign investors, in particular, organizations formed in the Russian Federation.

It is the first precedent of applying the norms of Article 15 of No. 57-FZ Federal Law to the foreign investors that failed to observe the procedures for investing in strategic economic entities.