BERLIN, January 25. /TASS/. Germany’s Federal Administrative Court will hear a Rosneft suit challenging the transfer of its German assets under external control on February 22, the judicial authority revealed on its website this Wednesday.
The second day of hearings is set for March 7. There is no information as to when any verdict will be handed down.
The Handelsblatt newspaper reported in October 2022 that the Russian oil major, Rosneft, retained the Malmendier legal firm in Germany with the aim of disputing the German government’s decision on the transfer of Rosneft Deutschland under regulatory control. Rosneft believes that the introduction of external management has no legal grounds since the company continued honoring all its commitments irrespective of the political situation’s impact, the newspaper reported.
On September 16, 2022, the German government transferred Rosneft Deutschland and RN Refining & Marketing GmbH under the control of the Federal Network Agency. The regulator thereby obtained control over stakes in three German refineries: PCK, Miro and Bayernoil.
Rosneft stated on the same day that such a decision meant the complete loss of assets and vowed to embark on a legal battle to defend its interests. The oil producer blasted Berlin’s move as expropriation.