/KASE, 24.04.08/ - On April 16, 2008, the Civics Panel of Almaty City Court
enacted to live unchanged the decision of Special Inter-district Economic Court
(SIEC) of Almaty of February 29, 2008 at the suit of Bailyk asset management
JSC (Subsidiary of Eurasia Bank JSC) (in the headline and hereinafter - Bailyk
asset management) to Kazakhstan Stock Exchange (KASE) and RBNT
SECURITIES JSC (in the headline and hereinafter RBNT SECURITIES), and the
petition of appeal of Bailyk asset management - dismissed.
By the mentioned decision of SIEC of Almaty of February 29, 2008, Bailyk asset
management was dismissed a case to KASE and RBNT SECURITIES on
acknowledgment invalid and cancellation of deals on selling securities made with
RBNT SECURITIES on November 13, 2007 on the KASE trading floor, with
putting the parties into the initial position.
The decision of SIEC of Almaty of February 29, 2008 and the resolution of CP of
Almaty City Court of April 16, 2008 became effective on April 16, 2008.
As it was informed earlier, on November 13, 2007, in the KASE trading system
was executed the series of 14 deals in corporate bonds. The price parameters of
these deals significantly differed from the current market prices of bonds, the
deals subjects, and resulted from the trader-seller technical mistake, made at
conclusion of eight out of mentioned deals.
The copy of CP of Almaty City Court resolution of April 16, 2008 is available on
the KASE Internet site at
http://www.kase.kz/files/mix/isk_kase_160408.pdf
The copy of Almaty SIEC decision of February 29, 2008 is available on the KASE
Internet site at
http://www.kase.kz/files/mix/resh_kase_290208.pdf
[2008-04-24]