On 24/10/2022 the judgement on the widely publicized case for recovery of damages from ex-shareholders and top-mangers of PJSC Promsvyiazbank (PSB) finally entered into legal force. Appeals Panel of the 9th Arbitration Court of Appeals has upheld the conclusions of the court of first instance and reasoning of the defendants’ attorneys, stating that the conduct of members of the Executive Board of PSB in course of approval of redemption of bonds did not deviate from proper standards of good faith and due caution, the transaction was beneficial for the bank and did not cause any damages whatsoever.
On 20/10/2022 Alexander Linnikov addressed the audience of the news if economy program on RUSSIA-24 with his comments on the plans for creation in Turkey of the so-called “gas hub” — an all-European logistical, trading and clearing centre that would assure security and stability of supply of Russian gas to Europe and help satisfy the need of economies of the EU member-states for fuel.
On 12-14/10/2022 founder of L&P and Chairman of the Board of Directors of RUSENERGOSBYT Alexander Linnikov and Director General of RUSENERGOSBYT, LLC Mikhail Andronov took part in the international forum RUSSIAN ENERGY WEEK.
On 10/10/2022 attorneys Alexander Linnikov, Tatiana Tsepkina and Alexei Sereda made a statement to the Advocates Gazette – the official media of the Federal Chamber of Attorneys of Russia. In the article entitled Attorney Privilege Unveiled? The funder of L&P and his colleagues speak about the current state of one of the key institutes of the legal system – attorney-client privilege, as well as analyze disturbing tendencies and dangers of commonplace disregard of attorney-client privilege on the part of law enforcement agencies and courts for society, citizens and the business community.
On 26/09/2022, it became known about the unblocking of the accounts of the bank, L&P`s client, from the side of one of the largest investment companies in the Republic of Malta, as well as the “unfreezing” of the bank's clients assets on illegally blocked accounts.
