Regarding the claim to Vitaly Orlov in the English High Court

04 August 2018

Mr. Orlov has been served with a claim in the English High Court by Mr Tugushev in which Mr. Tugushev asserts a claim to ownership of one third of the Norebo group and damages. Nothing in the proceedings restricts Mr Orlov from dealing with his assets in the ordinary course of business.  This means that on-going business of Norebo is not affected by the proceedings and services will continue as normal.

Mr Orlov has engaged a team of lawyers to deal with the claim in England. He will not be commenting on the proceedings until they have been resolved.