Wednesday, November 07, 2007

Fersped assets freezing orders lifted

Macedonian Court of Appeals has overturned a Skopje District Court's interim asset freezing orders against Fersped AD Skopje.

Appeals Court, according to statement released by Fersped early on Monday, reversed the lower-court decision to freeze the assets of Fersped company, saying it was ungrounded.

District Court Skopje 2 made the interim asset freezing orders in relation to certain property of Fersped to help the probe into legality of privatization of Fersped.

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