Elektrim held in checkmate by Vivendi again

The firm cannot among others, sell its stake in the telecom, which means that the potential transaction of their sale to Deutsche Telekom is blocked. According to the London ruling, it turns out that Telco, Elektrim Telekomunikacja other name, has the right to propose its own supervisory board members and to issue instructions concerning the company. Elektrim disagreed with the decision on the grounds of numerous formal and legal mistakes. According to the copy of the document from London acquired by Rzeczpospolita, it turns out that the court decided that the ruling of Vienna court of arbitration is not binding for its London counterpart, but it might be taken into consideration. (Rzeczpospolita, pp. A1, B4) M.M.