Cocoon Gold Within the assertion made by its enterprises on the Public Disclosure Platform (KAP), Koza Altın İşletmeleri AŞ (“Koza Gold”) and Koza Ltd. and Akın İpek (Plaintiffs), the plaintiffs’ declare that the trustees appointed to the administration of Koza Altın weren’t licensed to characterize Koza Altın within the UK had been rejected by the first-instance court docket and the plaintiffs appealed in opposition to this determination of the first-instance court docket.
The assertion famous:
“A press release was made on the Public Disclosure Platform on 5 August 2021 and 13 September 2021 on the topic. Because of the attraction proceedings held on 28-29 June 2022, the English court docket of attraction discovered the choice of the primary occasion court docket justified and the attraction court docket grew to become public on 7 October 2022. Opposite to the claims of the plaintiffs, the Turkish Constitutional Court docket and the European Court docket of Human Rights additionally examined the authority of the trustees, and concluded that these choices and the claims that the selections of the Turkish courts weren’t neutral or impartial don’t mirror the reality. In different phrases, the authority of Koza Altın trustees was as soon as once more accepted by the English courts. These judicial choices are in favor of our firm and will probably be shared with the general public as quickly as necessary developments relating to lawsuits and functions are made. okay.”