* A lawsuit requesting the suspension of the election of the new Council of the Shareholders' Representatives
* The registration of the decisions of the General Shareholder Meeting of SIF Muntenia held in spring, temporarily suspended
SIF Muntenia was sued yesterday by seventeen people, who are asking for the invalidation of the decisions made at the General Shareholder Meeting of July, namely the dismissal of the Council of the Shareholders' Representatives and the election of a new one, according to a press release sent to the Bucharest Stock Exchange.
The hearing is set to take place on September 17th.
Going to court seems like the only way to deal with the conflict between the new representatives of the shareholders, who were elected in the extremely lengthy General Shareholder Meeting of July 7th, and the company which manages SIF Muntenia (SAI Muntenia), which have been warring since spring.
The first battle between the group of "rebellious" shareholders rallied around Gheorghe Iaciu, on one hand, and SAI Muntenia on the other, occurred during the General Shareholder Meeting of April 12th. At the time, some of the shareholders asked for bigger dividends and took the management to task over the company's financial statements.
* Andrici was awarded the temporary suspension of the registration of the decision of the General Shareholder Meeting which was held in spring
It has been five months since the General Shareholder Meeting of SIF4, and the decisions made on April 12th can't be recorded at the Trade Registry, due to a ruling rendered on Wednesday by the Court of Appeal.
Even though, on July 13th, the Court of Bucharest approved the request of SIF Muntenia to register the decisions of the General Shareholder Meeting, the Court of Appeal ruled the temporary suspension of the decision of the court, until a ruling
