Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
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Can someone translate this please.
https://www.interpressnews.ge/ka/article/668394-grin-kapitali-da-saoperacio-kompania-prontera-istern-jorjia-ashsh-is-elchs-da-diplomatiur-korpuss-mimartavs-davis-mshvidobianad-dasrulebistvis-sakartvelos-mtavrobastan-ushuamdgomlon-r/
Nice find cymro1864
Pt.1
The Embassy of the United States of America in Georgia and Her Excellency Ms. Kelly Degnan
The Head of the EU Delegation to Georgia, His Excellency Mr. Karl Hartzel
Diplomatic Corps accredited in Georgia
To the Government of Georgia
Giorgi Kishmaria is the lawyer of Green Capital Ltd SC 402052372
"Frontera Eastern Georgia" Ltd S / N 204905674 Lawyer Giorgi Kishmaria
Appeal
First of all, we reaffirm our respect and thank you for your support of our country, as well as for your significant contribution and support to the political and economic development of Georgia.
Your Excellency, we have your concerns and focus on issues such as the investment environment in Georgia and its present day. Were it not for the special nature of the dispute and its severity, we really would not have had to appeal to you. The issue concerns the environment that is extremely damaging to American and European investment in Georgia, which is reflected in one well-known case that we will discuss below.
Please be informed that in accordance with the agreement between Frontera Resources Georgia Corporation (CR-72227 / USA /) on the distribution of products and the study of the processing plant, which was concluded on June 24, 1997 between him and the state company Saknavtob , Had the exclusive right to conduct oil and gas operations on the territory of Georgia. Frontera, as an American company through its subsidiary and operating company - Frontera Eastern Georgia Ltd., has been conducting oil and gas operations since 1997. Frontera Resources Georgia Corporation was awarded the status of "Investor" on June 24, 1997 under the Product Sharing Agreement. As an "investor", he founded "Operating Company" - "Frontera Eastern Georgia" Ltd (s / n 204905674), whose founding partners were "Frontera Resources Georgia Corporation" and the state-owned treasury company "Saknavtobi". Until March 31, 2021, Frontera Resources Georgia Corporation was the 50% owner of the company and the 50% owner of the Oil and Gas Corporation. "Operating Company" won the international tender announced by the Ministry of Environment and Natural Resources Protection of Georgia in 1997 and on November 17 of the same year was awarded a license to use oil and gas resources, which gave it the exclusive right to conduct oil and gas operations in Georgia.
According to the subsoil exploitation license issued on November 17, 1997, Frontera Eastern Georgia Ltd has the right to carry out the following operations:
Restoration and increase of extraction of oil and gas fields on the 12th block of the territory of Georgia;
Geological and ecological study of the area;
Exploration and exploration of oil and gas fields;
Commissioning;
The license was issued from August 27, 1997 to August 27, 2022 and allows the above-mentioned operations to be carried out in Dedoplistskaro, Sighnaghi, Sagarejo, Gurjaani, Marneuli and Gardabani (geological area on the plan - 5060 (five thousand six
Pt.2
Since 2013, following in the footsteps of the state's political course, Frontera, as an American investment, has suffered the greatest material damage, and this time it has turned to Green Capital for assistance and investment. Green Capital Ltd. has invested millions of dollars.
On April 25, 2018, a crude oil purchase agreement was signed between the plaintiff - Green Capital Ltd. and the defendant - Frontera Resources Georgia Corporation Georgia Branch Ltd. Green Capital Ltd. made several payments under the agreement, totaling the equivalent of $ 5,800,000 in GEL, however, the seller did not fulfill its contractual obligation and did not supply the subject of the purchase agreement - crude oil.
On March 31, 2021, the claimant was fully satisfied with the claim, on the same day the decision entered into force and an writ of execution was issued. Frontera fully acknowledged and agreed to Green Capital's claim. The claim of the plaintiff arising from the purchase agreement of April 25, 2018 was lawful, substantiated and this became the basis for its full satisfaction by the court.
According to the decision of Tbilisi City Court of March 31, 2021:
Green Capital Ltd's claim to be fully satisfied
Order Frontera Resources Georgia Corporation in favor of the plaintiff Green Capital LLC 5,800,000 (five million eight hundred thousand)
I) Payment in USD equivalent in GEL.
To be owned by Green Capital Ltd (s / n 402052372) by Frontera Resources Georgia Corporation June 24, 1997, under the contract for the distribution of products and the study of the processing plant from August 27, 1997 Exclusive right to conduct oil and gas operations in the territory of Gurjaani, Marneuli and Gardabani (geological allotment area on the plan - 5060 (five thousand sixty) sq / m).
Green Capital Ltd. shall be recognized and registered as a party to the June 24, 1997 "Agreement on the Distribution of Products and the Study of the Processing Plant".
To register a 50% shareholder of Frontera Eastern Georgia Ltd (s / n 204905674) instead of Frontera Resources Georgia Corporation and to register in the public register Green Capital Ltd (s / n 4072)
The said decision entered into force on the same day and on April 1, 2021, an writ of execution was issued according to which:
On April 20, 2021, the joint appeal of JSC Georgian Oil and Gas Corporation and LEPL State Oil and Gas Agency was submitted to the court, requesting the annulment of the decision of March 31, 2021, which was upheld by the court on April 27, 2021. In addition, the Court of Appeal of 26 April 2021 applied the following security measures:
1.1 A 50% share transferred to Green Capital Ltd in the authorized capital of Frontera Eastern Georgia Ltd was seized and Green Capital Ltd was prohibited from selling / disposing of it and / or encumbering it in any form.
Pt.3
1.2 Green Capital Ltd. (including its designees at Frontera Eastern Georgia Ltd.), its subsidiary Frontera Resources Georgia Corporation Georgia and Frontera Eastern Georgia Ltd. have been banned directly and / or through affiliates, or Seize / dispose of the real estate and movable property owned by Frontera Branch and Frontera Eastern Georgia Ltd. And gas and other property.
1.3 The execution of the writ of execution of April 1, 2021 issued on the basis of the decision of March 31, 2021 was suspended. Green Capital, as well as Frontera, were banned from selling oil and gas.
We would like to inform you that the decision was appealed by the lawyers of Green Capital Ltd in the Tbilisi Court of Appeals, but the Court of Appeals also made an unprecedented decision and rejected our appeal and upheld the vague and illegal decision of April 26, 2021 issued on its basis.
We have also appealed against the decision of the Tbilisi City Court of April 27, 2021 on the partial annulment of the decision that entered into force, which has not been reviewed by the Tbilisi Court of Appeals. The judge of the mentioned case is Mr. Merab Lomidze. Another violation in this case: Green Capital Ltd. is a party to the June 24, 1997 "Agreement on the Distribution of Products and the Study of the Processing Plant". Pursuant to Article 31 1 1 of the Product Sharing Agreement and the Examination of the Processing Plant, in accordance with Article 31 ???? 1 of the Agreement on the Examination of Products and the Processing Plant, Any dispute must be considered by three arbitrators as defined by UN international trade law.
We appeal to you because we believe that the security measure used and the decision that has been partially annulled is illegal and unjustified.
Unfortunately, it should also be noted that all this leaves us with only one possibility to draw a conclusion: the decision of the Tbilisi City Court of April 26, 2021 will join the series of decisions that led to the liquidation of business, and irreparable damage to the state.
Green Capital Ltd. explains that the oil and gas is owned by Frontera Eastern Georgia, which is owned by 50% of Green Capital and 50% of the Oil and Gas Corporation. It is also important to note that the decision entered into force on March 31, 2021 is not partially void and Green Capital Ltd remains a 50% owner of Frontera Eastern Georgia Ltd in Frontera Eastern Georgia Ltd and also a party to the 1997 Agreement.
The decision of April 26, 2021, nor the writ of execution issued on its basis, does not mention Frontera Eastern Georgia (s / n 204905674), which owns oil and gas, as well as the gas pipeline, which is determined from the public register issued by the extract and so on.
Pt. 4 (final part)
With an extract from the Entrepreneurial Register.
In view of all the above, we request you to petition the Government of Georgia to immediately lift the illegal and unjustified seizures made by the Tbilisi Enforcement Bureau. By removing this restriction, Frontera Eastern Georgia, as an operating company, will be able to sell oil and gas, the income from which will be fully used for oil and gas operations.
We can not ignore the support of the US Congress for the policy pursued by the Georgian government towards Frontera Resources Georgia Corporation, in particular, the statements of congressmen who single-handedly protest and support Frontera as part of its activities in Georgia. Numerous statements and appeals around Frontera have been made to the U.S. Department of State and Congress.
Green Capital and Frontera Eastern Georgia have also repeatedly addressed statements to the Prime Minister of Georgia, the Parliament of Georgia, the Ministry of Oil and Gas Corporation and the Ministry of Economy, but to no avail, as the state has a direct interest in the dispute.
In view of all the above, please use the powers granted to you by law and within the scope of your competence:
Make recommendations for a fair outcome of the case;
Focus on the violations identified by me during the court proceedings;
Call on the executive and judicial authorities to suspend enforcement of the judgment of 26 April 2021 on the application of the security measure;
Within the scope of its competence, issue conclusions and recommendations on this issue in order to avoid further violations;
Please petition the Government of Georgia regarding the meeting due to urgent necessity and the meeting should be held with your direct involvement.
Sincerely, Giorgi Kishmaria, Lawyer of Green Capital and Frontera Eastern Georgia
https://www.interpressnews.ge/ka/article/668394-grin-kapitali-da-saoperacio-kompania-prontera-istern-jorjia-ashsh-is-elchs-da-diplomatiur-korpuss-mimartavs-davis-mshvidobianad-dasrulebistvis-sakartvelos-mtavrobastan-ushuamdgomlon-r/
Green Capital "and the operating company" Frontera Eastern Georgia "appeal to the US Ambassador and the Diplomatic Corps to petition the Government of Georgia for a peaceful settlement of the dispute (R)
Green Capital and Operating Company Frontera Eastern Georgia appeal to US Ambassador and Diplomatic Corps to petition the Government of Georgia for a peaceful settlement (R)
The Embassy of the United States of America in Georgia and Her Excellency Ms. Kelly Degnan
The Head of the EU Delegation to Georgia, His Excellency Mr. Karl Hartzel
Diplomatic Corps accredited in Georgia
To the Government of Georgia
Giorgi Kishmaria is the lawyer of Green Capital Ltd SC 402052372
"Frontera Eastern Georgia" Ltd S / N 204905674 Lawyer Giorgi Kishmaria
Appeal
First of all, we reaffirm our respect and thank you for your support of our country, as well as for your significant contribution and support to the political and economic development of Georgia.
Your Excellency, we have your concerns and focus on issues such as the investment environment in Georgia and its present day. Were it not for the special nature of the dispute and its severity, we really would not have had to appeal to you. The issue concerns the environment that is extremely damaging to American and European investment in Georgia, which is reflected in one well-known case that we will discuss below.
Please be informed that in accordance with the agreement between Frontera Resources Georgia Corporation (CR-72227 / USA /) on the distribution of products and the study of the processing plant, which was concluded on June 24, 1997 between him and the state company Saknavtob , Had the exclusive right to conduct oil and gas operations on the territory of Georgia. Frontera, as an American company through its subsidiary and operating company - Frontera Eastern Georgia Ltd., has been conducting oil and gas operations since 1997. Frontera Resources Georgia Corporation was awarded the status of "Investor" on June 24, 1997 under the Product Sharing Agreement. As an "investor", he founded "Operating Company" - "Frontera Eastern Georgia" Ltd (s / n 204905674), whose founding partners were "Frontera Resources Georgia Corporation" and the state-owned treasury company "Saknavtobi". Until March 31, 2021, Frontera Resources Georgia Corporation was the 50% owner of the company and the 50% owner of the Oil and Gas Corporation. "Operating Company" won the international tender announced by the Ministry of Environment and Natural Resources Protection of Georgia in 1997 and on November 17 of the same year was awarded a license to use oil and gas resources, which gave it the exclusive right to conduct oil and gas operations in Georgia.
According to the subsoil exploitation license issued on November 17, 1997, Frontera Eastern Georgia Ltd has the right to carry out the following operations:
Restoration and increase of extraction of oil and gas fields on the 12th block of the territory o
of Georgia;
Geological and ecological study of the area;
Exploration and exploration of oil and gas fields;
Commissioning;
The license was issued from August 27, 1997 to August 27, 2022 and allows the above-mentioned operations to be carried out in Dedoplistskaro, Sighnaghi, Sagarejo, Gurjaani, Marneuli and Gardabani (geological area on the plan - 5060 (five thousand sixty) square meters).
Since 2013, following in the footsteps of the state's political course, Frontera, as an American investment, has suffered the greatest material damage, and this time it has turned to Green Capital for assistance and investment. Green Capital Ltd. has invested millions of dollars.
On April 25, 2018, a crude oil purchase agreement was signed between the plaintiff - Green Capital Ltd. and the defendant - Frontera Resources Georgia Corporation Georgia Branch Ltd. Green Capital Ltd. made several payments under the agreement, totaling the equivalent of $ 5,800,000 in GEL, however, the seller did not fulfill its contractual obligation and did not supply the subject of the purchase agreement - crude oil.
On March 31, 2021, the claimant was fully satisfied with the claim, on the same day the decision entered into force and an writ of execution was issued. Frontera fully acknowledged and agreed to Green Capital's claim. The claim of the plaintiff arising from the purchase agreement of April 25, 2018 was lawful, substantiated and this became the basis for its full satisfaction by the court.
According to the decision of Tbilisi City Court of March 31, 2021:
The claim of Green Capital Ltd is fully satisfied
Order Frontera Resources Georgia Corporation in favor of the plaintiff Green Capital LLC 5,800,000 (five million
Looed
Overall, is this article concerning GCapital & them requesting assistance for the assett that they have no right to?
Arsenal: that's my take too.
So, unless I am misinterpreting this, Zaza is having the gall to appeal to the us government to support him in his theft of the asset...!!!
Looed, if you concur, can you make your contact aware of this in case they're unaware of it?
ODR
I would seriously hope that Kelly Duggan as public as possible tells ZM to pi... ss off.
Kelly Degnan
Arsenal221 - I think ODR1 is right. Green has been stopped in Georgia via the GG appeal and we don't yet know how FRR have progressed with their appeal. We know about the T.I. which this letter completely ignores. They rely on the Green contract which Texas rejected. They now claim the courts that originally found in their favor are now acting illegally and the decision is unjustified. The GOGC etc have ignored all Greens attempts at outreach. So having previously relied on the courts now their only option would appear to be this seemingly desperate attempt to try and find a way to bypass the courts. I can only assume they have gone public as all private overtures have failed. Hopefully we will hear something from FRR soon.
If this is GCapitals last throw of the dice then that would be a nice positive move in Frrs favour.
Still need Frr to sort out Outrider & YA of which the 1st is the biggest problem.
If all this is still all going on, who decided that the shares were worthless and mine were deleted by ii from my SIPP?
On what authority were they deemed worthless?
Confusing!
Oh susanne9, oh don't you cry for me
the shares have been suspended
and are worth about zero p.
Lol
what ****e we got going on now more utter drivel from the protagonists
Another twist in the saga. Zaza hitting a new low; labelling him as a liar would be inadequate. Now using Frontera name to appeal to US Georgia-Embassy/Ambassador for direct intervention citing substantial US investment and US Congressman support for 'Frontera'. When is this charlatan going to be exposed? Poor judgment from SN to bring him on board at FRR in the first place but easy to see how he convinced him probably referencing local political connections, which subsequently became obsolete after the Dream Party came in to power in 2012.