Moscow Arbitration Court postponed until July 30 Ltd. the suit of Goldman Sachs to recover from BTA Bank and Turanalem Finance 3,178 billion rubles

/IRBIS, June 16, 2010/ - The Arbitration Court of Moscow postponed untill July 30, the suit of Ltd. Goldman Sachs to recover from BTA Bank and Turanalem Finance 3,178 billion rubles, the Russian news agency reported today the legal and judicial information (rape). As indicated, the court rejected the plaintiffs' motion on Wednesday to suspend the proceedings, but granted the plaintiff's application to postpone. As reported, a representative of Goldman Sachs said at a meeting on 28 May meeting of creditors of JSC "BTA Bank has approved a plan for its restructuring. Court asked to submit the plan at the next meeting. As previously reported, the claim is related to defaults on the bond issue. Goldman Sachs is the holder of bonds of BTA Bank. The company purchased them in 2005. Maturity securities due was in 2009. In connection with the defaults, Goldman Sachs seeks to recover the amount of value and interest. The second defendant was as a sponsor of a bond issue. Turanalem Finance - 100 per cent subsidiary of JSC "BTA Bank". It was found on June 22, 2004 in Moscow to raise funds for the bank through the issuance of ruble bonds and notes. [2010-06-16]