NEMIROFF: LONDON TRIBUNAL STOPPED RAIDER ACTIONS OF GRIBOV AND KIPISH

On November, 21 a three-year trial regarding corporate conflict round «Nemiroff» company was completed in London Arbitration commercial court. Court examinations were initiated in London by A.Glus, the owner of blocking shareholding (25,04%), against minority shareholders Y.Gribov (20%) and A.Kipish (17, 48%).
Raiders’ attack at «Nemiroff» company and resonance seizure of the main enterprise of the Group in Nemirov town, Vinnitsa region, with involvement of young men with shaven heads and stoppage of production for two months were the cause of appeal to London tribunal. The following video ((http://www.youtube.com/watch?v=kEjbqIYnhUc) was demonstrated in London

“HEROES” OF NEMIROV GRIEF

The corporate conflict in Nemiroff company, burst out two and a half years ago, gains a new speed. The vodka giant stopped production almost a month ago. The produce gradually disappears from shops’ shelves. But it is only a top of iceberg. Vinnitsa region is in panic: the enterprise forming a company town which was a pride of the region became its headache. Stoppage of production of the vodka giant is mass unemployment in Nemirov area, loss of the main donor of the regional budget, paralysis of local small business. Such is a worth of cupidity of two main producers of “nemirov grief”, the co-owners of Nemiroff company – Yakov Gribov and Anatoliy Kipish.

Plot of raiders’ seizure of Nemiroff
As any conflict, corporate war of Nemiroff company has its “heroes”. Calling themselves major shareholders, the shareholders of Nemiroff company Yakov Gribov (20%)

The Supreme Economic court recognized liquidation of Management company “Nemiroff” as illegal

The press-service informs that on April 9th the Supreme Economic court
of Ukraine recognized the board meeting of owners of the private
limited company Management company “Nemiroff”, held on April 26, 2011,
and resolved there resolutions regarding liquidation of the private
limited company Management company “Nemiroff”, and replacement of its
head, Aleksandr Glus, from his post as illegitimate.
Therefore, the Supreme Economic court of Ukraine confirmed decisions
of previous court instances of Ukraine and European courts regarding
injunction on change of the structure, constituent

АLEKSANDR GLUS IS ACKNOWLEDGED THE BEST MANAGER IN VODKA SECTOR OF UKRAINE

According to the version of «Rating of the most successful managers of Ukraine – 2012» of all-Ukrainian rating magazine «GVardija», Aleksandr Glus, Chairman of Board of directors of «Nemiroff» company, is acknowledged the best manager at the market of strong alcohol and also one of the most effective top-managers of the whole Ukrainian business.

«Nemiroff» again underwent raiders’ attack

Another scheme of raiders’ seizure was realized regarding «Nemiroff» company. The sources close to the company informed about it. This time the united minority shareholders Anatoliy Kipish and Jakov Gribov endeavour to lead out the assets with the help of front structure «LVN Trading» which is allegedly a guarantor of activity of companies of the group.
The company «LVN Trading» was established by them especially for implementation of fraudulent schemes, the source asserts. The appeared from nowhere structure is with the authorized capital of 120 usd, registration under the address of Anatoliy Kipish (one of the minority shareholders – organizers of raiders’ attack at «Nemiroff») and under control of his lawyer, Censor.net informs.
At the end of November, 2012, the company «LVN Trading» signed a contract by

The conflict in Nemiroff: position of the chairman of a board of directors

Aleksandr Glus, the chairman of a board of directors of Nemiroff company, comments the conflict with minority shareholders:
“On December 4th, in Moscow city during a press-conference for RBC Yakov Gribov, the minority shareholder of Nemiroff company (possesses 20% of shares) again expressed a number of invalid and untrue allegations, which deceived mass-media, aiming at manipulating of public opinion as to a corporate conflict in Nemiroff company.
In particular, accusations were addressed to the owner of a blocking share package (25.04%), who was allegedly “striving for acquiring of more rights than it was stipulated by legislation and shareholder’s agreement.” However, infringement of shareholders’ agreement and legislation of a number of countries of jurisdiction of companies of Nemiroff group by united minority shareholders Yakov Gribov and Kipish brothers, Anatoliy and Viktor (each possesses 17.48% of the shares) was exactly the reason of the conflict. Implemented attempts of raiders’ seizure of the main plant in Ukraine, seizure and blocking of operation of representation office in Russia, blocking of production process in Belorussia were duly assessesed both in European and Russian and Ukrainian courts. As of today there is sufficient number of court decisions in the favor of the owner of the blocking share package, Aleksandr Glus, which give duly legal evaluation of illegitimate actions of the united minority of the shareholders.
Accusation addressed to Aleksandr Glus is nothing more than another unsuccessful attempt of the part of the shareholders to get separated from “raiders” label in the threshold of a final consideration of a case of Nemiroff

The one of leading producers of alcohol transferred almost UAH1
billion of taxes to the state budget. Such amount of the transfer is
nothing else as evidence of transparency of Ukrainian business.
According to information of tax authorities, Nemiroff

Nemiroff. Aleksandr Glus, “If products of Nemiroff are absent on the market, they will be replaced by other Ukrainian brands”

It seems like the shareholders’ conflict, lasting for already a half of a year in the Ukrainian vodka
company Nemiroff, approaches its culmination. United co-owners of the package of 74.96% of
shares in the lead of Yakov Gribov informed about launch of bottling of gorilka (gorilka is vodka
in Ukrainian language, translator’s comments) on premises of Belarusian enterprise “Minsk
Kristall”, not having confirmed this with the owner of the share package of 25.04%, Aleksandr
Glus, and about plans to start production on premises of a number of Russian distilleries. The
correspondent of “RBC daily”, Denis Puzyrev, had a meeting with Aleksandr Glus and tried
to found out whether his opponents had a right to launch production without his consent,
why Aleksandr Glus objected to start production in Russia, and when the war

100% legal business is an expensive treat

Difficulties often become a test for firmness, strength, maturity. Ukrainian producer of strong alcoholic beverages, «Nemiroff» company, could experience raiders’ attack in 2011 when production enterprises were stopped and activity of the company was blocked. Luckily, less than in two months the company again started operating: production in Ukraine and export for foreign

«Nemiroff» company paid more than a half billion UAH of taxes for three quarters of 2012

According to the results of the research of magazine «Korrespondent» last year which were based on the data of State Revenue of Ukraine for 2011 UVC «Nemiroff» takes the 18^th position among the largest enterprises of Ukraine which form budget. Totally in 2011 the company paid 951,52 mln. UAH оf taxes and dues. Dynamics of growth of tax allocations in the period of 2008-2011at the average makes 24% a year (diagram 1).

Diagram 1. Dynamics of growth of tax allocations of UVC «Nemiroff» in 2008-2011

According to the data of State Revenue of Ukraine «Nemiroff» company is the only producer of strong alcohol beverages among 20 leading tax payers in 2011. The company heads a list of the largest enterprises in Vinnitsa region, Nemirov area and Nemirov town in particular which form the budget.

At present rate of tax allocations is the most reliable indicator of legality of work of Ukrainian producers of strong alcohol. First of all it depends on the level of excise rate, production volumes and sale.

Comparison of statistic data of «Nemiroff» company regarding production volumes and paid taxes in the period of 2008-2011 gives a high level of transparency concerning a full transparence and legal work of the enterprise (diagram 2). All the more in 2011 when production volumes of «Nemiroff» reduced by 17,4% in comparison with 2010 because of the forced stoppage of the main plant, the volume of the paid taxes increased by 14,4%.

Diagram 2. Dynamics of production