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Ostinvestor CEO: Court Verdict Was "Ridiculous"

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  • Ostinvestor CEO: Court Verdict Was "Ridiculous"

    OSTINVESTOR CEO: COURT VERDICT WAS "RIDICULOUS"

    Kristine Aghalaryan

    http://hetq.am/eng/news/25023/ostinvestor-ceo-court-verdict-was-ridiculous.html
    12:46, April 2, 2013

    Stefan Laxhuber, the CEO of Ostinvestor, today told Hetq that the
    March 27 verdict of a Yerevan courtregarding his suit against Gagik
    Tsarukyan's Yerevan Ararat Brandy-Wine-Vodka Factory (YABWV), was
    "ridiculous".

    On March 27, a Yerevan court ordered Gagik Tsarukyan's Yerevan
    Ararat Brandy-Wine-Vodka Factory (YABWV) to pay German investment
    firm Ostinvestor, 14.8 million AMD ($36,662) in compensation in a
    case that dates back to 2009.

    Laxhuber said that he was finally expecting something rational.

    "We are very disappointed and are currently discussing the verdict"
    Mr. Laxhuber told Hetq.

    The German CEO said Ostinvestor would take the matter to the European
    Court of Human Rights and was confident of winning since the right
    of ownership had been severely violated in Armenia.


    From: Baghdasarian
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