Kazakhstan Kagazy PLC

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Kazakhstan Kagazy PLC

Kazakhstan Kagazy appoints Charles Holloway as an independent non-executive director, effective Dec. 4; Holloway qualified as a solicitor in 1975, specialized in commercial litigation and public inquiries at a law firm, currently a consultant

Kazakhstan Kagazy PLC company details

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Kazakhstan Kagazy PLC Latest News

Supreme Court in Kazakhstan cancels Kazakhstan Kagazy's bankruptcy, reversing lower court decision, and company's rehabilitation procedure resumes; Kazakhstan Kagazy's management is satisfied with latest ruling, noting it confirms company's solvency
Oct. 15, 2018, Kazakhstan Kagazy PLC
Former CEO of Kazakhstan Kagazy fails to meet deadline in his appeal of judgement finding him guilty of misappropriation of funds and ordering him to pay US$298M in damages and interim costs of US$8M; company will not be subject to further appeal
Oct. 03, 2018, Kazakhstan Kagazy PLC
Kazakhstan Supreme Court to review decision to declare Kazakhstan Kagazy bankrupt; company intends to use the US$315M it won in legal case against former management to repay its creditors, also pursuing enforcement of assets of former directors
Aug. 30, 2018, Kazakhstan Kagazy PLC

Trending Topics

Recyclable/Recycled Materials
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Kazakhstan Kagazy PLC

Additional News

Kazakhstan Kagazy highlights article on its successful fraud case, posted on law firm's website; company was awarded US$300M after four-year legal battle against former top managers Maksat Arip and Shynar Dikhanbayeva, credits legal team's work
Apr. 23, 2018, Kazakhstan Kagazy PLC
Kazakhstan Kagazy awarded £227M after proving 'near perfect fraud'; High Court in London rules the company proved it had been defrauded to the point of bankruptcy by two former executives, mostly through payments to fake construction companies
Mar. 12, 2018, Kazakhstan Kagazy PLC
Former Kazakhstan Kagazy CEO Maksat Arip ordered by court to pay US$315M, after company wins case against Arip and a former finance director; current CEO says the company has turned around from loss-making to an efficient operation, a leader in packaging
Mar. 05, 2018, Kazakhstan Kagazy PLC
Kazakhstan Kagazy AGM accepts board of directors' recommendation for non-payment of dividend following results of 2014 and 2015, receives and adopts audited accounts for years ended Dec. 31, 2014 and 2015, accepts appointment of auditors for 2016
Feb. 07, 2018, Kazakhstan Kagazy PLC
Judge rules Kazakhstan Kagazy's former shareholder and CEO, former CFO both defrauded the company, in US$260M fraud claims case that was filed in London High Court in 2013; Kazakhstan Kagazy CEO says company will enforce the judgement and repay creditors
Dec. 26, 2017, Kazakhstan Kagazy PLC
Kazakhstan Kagazy expects judgement no earlier than November in case it brought against certain of its former directors for allegedly siphoning off funds from the company; the trial was held in London, commencing in April and ending July 20
Oct. 26, 2017, Kazakhstan Kagazy PLC
Kazakhstan Kagazy schedules creditors meeting for June 24; agenda includes approval of new edition of company's charter, approval of transfer of 10.2-hectare land plot, introduction of amendments to company's rehabilitation plan, and other issues
Jul. 11, 2017, Kazakhstan Kagazy PLC
Creditors meeting of Kazakhstan Kagazy scheduled for May 15; meeting agenda includes consideration of cancelling right on administration of debtor's property and activity, election of creditors committee members, and other matters
Apr. 25, 2017, Kazakhstan Kagazy PLC
Trial brought by some members of Kazakhstan Kagazy against two of the company's former shareholders and directors set to start April 25, expected to last for three months; company seeks to recover funds defendants allegedly siphoned-off during 2005-2009
Apr. 04, 2017, Kazakhstan Kagazy PLC
Kazakhstan Kagazy settles claims brought against Baglan Zhunus, will continue to pursue its claims against Maksat Arip and Shynar Dikhanbayeva, amounting to US$250M; company began legal action against its founders in 2013, after discovering alleged fraud
Feb. 23, 2016, Kazakhstan Kagazy PLC
Kazakhstan Kagazy announces company's global depositary receipts on London Stock Exchange will be cancelled as of March 10
Feb. 02, 2016, Kazakhstan Kagazy PLC
Kazakhstan Kagazy appoints Charles Holloway as an independent non-executive director, effective Dec. 4; Holloway qualified as a solicitor in 1975, specialized in commercial litigation and public inquiries at a law firm, currently a consultant
Dec. 08, 2015, Kazakhstan Kagazy PLC
Kazakhstan Kagazy announces resignation of Denise Valentine as a director of the company, effective Dec. 4
Dec. 08, 2015, Kazakhstan Kagazy PLC
Kazakhstan Kagazy's Sir Tony Baldry resigns as a director of the company, effective Nov. 19
Nov. 24, 2015, Kazakhstan Kagazy PLC
Kazakhstan Kagazy signs term sheet with European Bank for Reconstruction and Development (EBRD), setting up framework for restructuring Kagazy Recycling's default debt to EBRD; company and bank to work on legally binding restructuring documentation
Nov. 20, 2015, Kazakhstan Kagazy PLC
Kazakhstan Kagazy's directors Martin Quirke and Vitaliy Podolskiy resign, with effect from Nov. 5
Nov. 09, 2015, Kazakhstan Kagazy PLC
Court judge's recent decision in Kazakhstan Kagazy's claims against two of its former shareholders denies defendants' applications, holds that claimants have good arguable case that they were defrauded by defendants; trial scheduled for April 2017
Oct. 28, 2015, Kazakhstan Kagazy PLC
Kazakhstan Kagazy allowed by court to amend its claims against two of the company's former shareholders to include further alleged misappropriation of funds, together with interest and penalties paid on defaulted loans; hearing set for Oct. 7-9
Sep. 08, 2015, Kazakhstan Kagazy PLC
Kazakhstan Kagazy suspends trading of its shares after learning that its auditor, BDO Kazakhstan, does not hold required authorities; company states it is attempting to resolve the matter and will make a further announcement
Jun. 19, 2015, Kazakhstan Kagazy PLC
Responding to media reports on suitability of Kazakhstan Kagazy's board members, the company affirms it is in full compliance with local laws and corporate governance standards, notes its directors are mostly non-executive and highly respectible
May. 22, 2015, Kazakhstan Kagazy PLC
Parties in claims against former directors and shareholders of Kazakhstan Kagazy agree to order requiring the company and other claimants to increase funds provided in relation to potential legal costs; case is expected to return to court in October
May. 19, 2015, Kazakhstan Kagazy PLC

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