Банкеръ Weekly

Briefs

THE COURT STOPPED LADY VSM'S AGGRESSION

For eighteen months Tokuda Credit Expressbank has been fighting severely at court with one of its shareholders - the leasing company Lady VSM. The company dominated by Slavka Ivanova and Chavdar Darzhikov has initiated several lawsuits against the bank, the last one being against the decisions of Tokuda Credit Expressbank's General Assembly, held on July 7, 2000, and discussing the increase of the bank's capital from BGL15MN to BGL20MN. On Nov. 6 came out that the attack of Lady VSM has been stopped at the lower court, which has rejected the company's claim against the decisions of the bank's General Assembly and it has mandated Lady VSM to cover all expenses arising from the lawsuit. Still Lady VSM was allowed to plead against to the Sofia Court of Appeal and will most probably use this advantage.

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