BRITISH VIRGIN ISLANDS

COMMERCIAL COURT

BENEFICIAL OWNERSHIP OF SHARES IN BVI COMPANY – WHETHER SHARES REGISTERED IN NAMES OF SECOND AND THIRD DEFENDANTS HELD BY THEM AS NOMINEES FOR CLAIMANT

The issue before the court of first instance was whether the Claimant held the beneficial ownership of all the issued shares of the first Defendant company, which at all times had been, and remained registered in the names of the second and third Defendants, Mr. Linkov and Ms. Kazantseva respectively.

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