LONDON, July 23, 2014 /PRNewswire/ --
Vladislav Doronin, the majority shareholder of the Aman Group has reassured his staff that the current legal situation would be over soon. He outlined the dispute in an email to staff and then received a boost when his opponents failed to remove fellow Director, Johan Eliasch from the Aman Group board in an attempt to curtail his board voting rights.
On Friday 18th July the High Court in London handed down a rebuke to Mr Amanat's team and sided with Mr Eliasch. It confirmed that Eliasch's role, ability to vote and attendance at board meetings was in the 'best interest of the Aman Group'. A spokesman for the Doronin team, who was in court to hear the verdict said, "This is important for the Aman Group. Going forward, we must retain someone of Johan Eliasch's knowledge, international business experience and standing, playing a role on the board."
In an extract from the email Doronin sent to all Aman Group staff, he said, "I am the majority shareholder (65%) of the Aman Group. As you will have read, or heard, there is currently a dispute with another shareholder, Mr Amanat (14%). I am sorry that this has become public."
Mr Doronin's email went on to explain the situation to staff, "A court in London granted a temporary order in favour of the other shareholder. We have not yet been able to present our case. There will be a full hearing in the near future when, I can assure you, I am confident that we will win this argument"
A key aspect was that the Judge in Mr Doronin's own hearing stated for the record in the court hearing that 'Mr Zecha should stand down from his position as CEO by the end of July 2014.'
Mr Doronin added, "I am confident that I will win this legal battle and can then continue rebuilding and expanding the Aman Group to make it the best in the world, regardless of this latest attempt to remove Mr Eliasch from his role as Director. I will do whatever is necessary as, for me, the Aman Group comes first."
SOURCE The Press Office of Vladislav Doronin