Security guards may battle it out in PTC conflict

In this way it intends to sabotage the new management board summoned by Vivendi. "We are being deprived of our ownership rights. This is a clear-cut case of international law being broken.' argued Karl-Gerhard Eick, DT finance director. The desperate move is the result of controversies over the 2004 verdict of a Vienna court of arbitration, which gave DT the upper hand over Vivendi in the argument over ownership rights to PTC shares, and stated that the transfer of PTC shares from Elektrim to Elektrim Telekomunikacja, now owned by Vivendi, was not conducted in accordance with law. PTC for over a week now has two management boards, while neither of the shareholders initiated negotiations to break the deadlock. (Puls Biznesu pp. 1, 7) M.G.