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Telenor dispute with Strom Ltd. headed to court in New York
Journal Staff Report

MOSCOW, Oct. 24 – An arbitration court in New York on Dec. 7 and Dec. 8 will hear an appeal by Norway's Telenor against Strom Ltd. in connection with Storm's alleged violations of a shareholder agreement relating to Ukrainian mobile operator Kyivstar GSM, according to a Telenor press release.

In February, Telenor commenced arbitration proceedings against Alfa Group subsidiary Storm Ltd. Telenor said that Storm and its representatives violated the conditions of the agreement of the stockholders in Kyivstar GSM: they did not take part in the meetings of the board of directors and meetings of the stockholders, and submitted many appeals to courts in Ukraine, so that Telnor's property rights in Kyivstar GSM were infringed, the Norwegian company claimed.




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