U.K. Privy Council Grants Time Extension For Cukurova To Recover Shares

U.K. Privy Council Grants Time Extension For Cukurova To Recover Shares

LONDON - After a ruling by a New York federal court that granted injunctive relief that will prohibit Cukurova Finance International Ltd. (CFI) and a related entity from redeeming shares in relation to a dispute over a Turkish telephone company, the Privy Council of the United Kingdom on July 29 granted their application for an extension of time in which to recover the shares (Cukurova Finance International Limited v. Alfa Telecome Turkey Limited, No. $(2013$) UKPC 25, United Kingdom, Privy Council).

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