Azerbaijan, Baku, 26 May /corr. Trend S.Babayeva / On 18 June, the Rotterdam Court may divulge a verdict on the financial court proceedings involving Maltese FIMbank and the Azerbaijani Government, which is being protected by Azerbaijan's Communications & IT Ministry.
According to the Communications Ministry, previously the Court said the verdict may be made on 20 November, but then the Communications Ministry received an official letter saying that additional time is required for consideration of the case.
"We have submitted the court all necessary documents, including the decision of French Court in our favor," the same source stated.
It was difficult for the Ministry to forecast possible scenario of the court, referring to unexpected result of the case.
For several years, FimBank has been demanding Azerbaijan to pay off a loan in the amount of over $4.5mln, which, according to the bank, was allotted to Azerbaijani telecommunication companies under the state guarantee. Azerbaijan, in turn, states that these companies never existed and were not issued guarantees. The first lawsuit was initiated by FimBank in July 2004 at the courts of Rotterdam and Paris