2nd Circ. Backs Telecon After Kyivstar Row Ends

Law360, New York (October 9, 2009, 4:07 PM EDT) -- Days after Norwegian telecommunications powerhouse Telenor ASA agreed to bury the hatchet and join forces with Alfa Group’s Altimo, a federal appeals court has upheld an arbitration award to Telenor in a contract dispute with its former foe over Ukrainian telecom Kyivstar.

On Thursday the U.S. Court of Appeals for the Second Circuit concluded that the arbitration panel did not err when granting Telenor an injunction in light of a 2004 shareholder agreement between Kyivstar, Telenor and Altimo’s Ukrainian affiliate Storm LLC.

Judge Gerard E. Lynch...
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