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Posted by Earsbern on the 13th December :-

New attorney in California
New doc. 61 of the fiduciary case in California - no immediate cause for concern as far as I can see. The new attorney for FRR hereby officially signs in. He is Guy O. Kornblum of Kornblum, Cochran, Erikson & Harbison LLP of San Francisco.

Posted by Puddy on the 12th December :-

19-13418-mew Doc 10 Filed 12/06/19 Entered 12/06/19 13:25:41 Main Document Pg 1 of 3
UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ---------------------------------------------------------
: Chapter 15 In re: :
: Case No. 19-13418(MEW) FRONTERA RESOURCES :
CAUCASUS CORP. (in Official : Liquidation) : : Debtor in a : Foreign : Proceeding. :
---------------------------------------------------------
ORDER SPECIFYING THE FORM AND MANNER OF SERVICE OF NOTICE AND SCHEDULING RECOGNITION HEARING
Upon the Motion for Order (1) Specifying Form and Manner of Service of Notice; and
(2) Scheduling Hearing on Petition For Recognition of Foreign Main Proceeding (the
“Motion”) (Dkt. 5) filed on October 25, 2019 by petitioners Andrew Morrison and David
Griffin, the duly appointed joint official liquidators and foreign representatives (“Liquidators”)
of Frontera Resources Caucasus Corp. (in Official Liquidation) (“FRCC”), a Cayman Islands
exempted company in liquidation under the supervision of the Grand Court of the Cayman
Islands, Cause No. FSD 138 of 2019 (IKJ), as a result of the Grand Court’s September 12, 2019
supervision order entered pursuant to sections 92 and 131 of the Cayman Islands Companies
Law (2018 Revision), the Court having reviewed the Motion, the Official Form Petition and the
Verified Petition for Recognition of Foreign Insolvency Proceedings and Application for
Additional Relief Pursuant to Sections 1504, 1507 1509, 1515, 1517, 1520, and 1521 of the
Bankruptcy Code (the “Verified Petition,” and, together with the Official Form Petition, the 1
“Petition”), and all documents filed in support of the Petition, and the Court having determined 1 Capitalized terms not otherwise defined herein shall be given the meanings ascribed to them in the Petition.

19-13418-mew Doc 10 Filed 12/06/19 Entered 12/06/19 13:25:41 Main Document Pg 2 of 3
(i) the Court has jurisdiction over this matter pursuant to 28 U.S.C. §§ 157 and 1334 and section 1501 of the Bankruptcy Code; (ii) this is a core proceeding pursuant to 28 U.S.C. § 157(b); and (iii) venue is proper in this district pursuant to 28 U.S.C. § 1410, and after due deliberation and good and sufficient cause appearing for the relief requested in the Motion,
NOW, THEREFORE, IT IS HEREBY ORDERED as follows:
1. The Motion is GRANTED.
2. The form of the Notice attached as Exhibit B to the Motion is APPROVED.
3. The Liquidators shall serve the Notice, the Petition, and the Petition’s supporting
documents (collectively, the “Service Documents”) upon FRCC, all personals or bodies authorized to administer foreign proceedings of FRCC, all parties to litigation pending in the United States in which FRCC was a party at the time of the filing of the Petition, all entities in the Frontera Group, the FRCC Directors, Bakhutashvili, PwC, and all known creditors with United States addresses, if any, in accordance with Fed. R. Bankr. P. 2002

I am now for the first time in along while I fell positive about the surviabilty of the Company. To get to this point I really must thank all of the super sleuths for there intense work and objective and honest reporting. As Regdik has stated NIL communication is never good but we may well find out in the future when communications re open but of course if my feeling is right it will not matter anyway- all we can say is that there is a reason for it and given our most recent period of sleuthing looks like like it may all be worthwhile.

For the first time we can start guessing what the future may be so ican only surmise that in simple terms it will fall into one of two categories. That being A) a smallish investment to allow the lights to be kept on and immediate bills paid. Whilst the Company seek a number of options for the big stuff to happen this could be a buy out JV or what ever but this may be some time away as they take for ever to put together and mad even worse in terms of time if two major investors what to share the burden on what is a huge asset as far as we believe. I would like to think that if it is this option fairly soon this will be officially communicated -sadly this will mean a lot more jam tomorrow for us PI's but at least we will know were we stand.
Option B) is what we would all like which is any sort of arrangement with the big boys - I still hold the view that much of this work has already been done and only needs topping and tailing and again thanks to the sleuths we do know that the pressure on the Georgian Government from both uncle Sam ( Mainly) and the EU which really does not seem to have been very active but is in itself is under pressure from Uncle Sam to get on with looking after itself and in our case reduce its reliance of Russian energy and of course the internal pressure of the Georgian Gov re membership of Nato and its desire to have a better economy.
I have assumed that we have stabilised the ownerships/ etc given the recent information and as kickmuck so aptly put the rest is just fluff! so perhaps it is time to let a little dust settle as to if it ends up being option A or B at this stage I do not care as I am an investor - All the time the Comany is alive things can happen and it looks like we are in a better place than we were.
As far as any communication goes I completely agree with Regdik - a simple one liner to say the lights are still on is more trouble than it is worth as there is still much work to do. I would think any communication will be about financial matters and I would think not including any of the mistakes of the past!
Lastly I can only repeat I do not think we will not get a Christmas present but may be not far off - of course I would like one but I would like the Company to succeed even more

Thanks to all who have sleuthed and kept some of us sane. as for the shorters well vengeance is a meal served up cold! I feel that the meal is still warm at present but is cooling fast.

Posted by Arigarosa on the 7th December :-

2

Giorgi Tatishvili also exposed Zaza Mamulaishvili’s lies when he said that allegedly the state owed some debt to the oil company: "The state has zero debt to Frontera Eastern Georgia," said Giorgi Tatishvili at the meeting. Many more violations were revealed at the meeting by employees: for example, the fact that the CEO of the company arbitrarily violated the terms of the employment agreement and reduced employees' remuneration without any written agreement; Notwithstanding the sale of 5500 tonnes of crude oil, their due salaries were not reduced, to the contrary, increased, citing the fact that the company had another, much more significant debts to pay...

“Although the company is private and it is a dispute between private parties, more than 130 Dedoplistskaro' residents work in it, the fate of each of our compatriots is important to us. Therefore, the government will protect its citizens as much as possible, ”Nikoloz Janiashvili said at the meeting.
According to Giorgi Tatishvili, if there is a deal between Frontera and the state, the government's No. 1 reservation will be to payment of due salaries by the company. The head of the agency also noted that there are alternative ways, including a court ruling. In case of any of them, the interests of Frontera employees will be protected.

The employees that were financially damaged have announced a general strike since November 28, pointing out that this is a compulsory step to prevent irresponsible management of the company from selling the oil. To get to the wells, they have no fuel and there is transportation provided. Frontera's employees have appealed to the Georgian Oil and Gas Corporation for the necessary measures to prevent the abandonment of wells and causing any environmental catastrophe.

Representatives of the oil company thanked Nikoloz Janiashvili and Giorgi Tatishvili for their support and expressed hope that the problem would be resolved soon.

According to Frontera Eastern Georgia employees, state institutions are now assisting them in finding justice. “Until now, we were hesitant to bring the case to court because we did not think that the company, which has been operating since 1997 and headed by Zaza Mamulaishvili, would abandon us. This company became our second family, so we were careful and thought the situation would be resolved inside, but patience also has its limits. Now the state institutions are helping us and we hope that justice will be celebrated”, said the meeting participants.

Posted by seisprocessor on the 6th December :-

Californian Northern District Court

A new letter from Steve Nicandros has appeared in the Judge Seeborg case - dated Thursday 5th Dec!

Posted by Earsbern on the 6th December :-

Cannot copy this letter directly, so have to report.

The headline is 'Agreement to Extend Deadline to Designate Substitute Counsel'.
The letter from SN states that on 05/11/19, plaintiffs (FRR) were granted 30 days, to 04/12/19, to secure replacement counsel. On 04/12/19, defendants (OMF) counsel agreed to SN's request to extend the deadline to 15/12/19.

That's it. So FRR appear to still be active in this case.

Posted by Oopsi on the 6th December :-

Thanks Earsbern. The interesting part is that the Defendant’s have agreed the extension. Litigators are bloodhounds - they go in for the kill. Given the bad blood that has passed It is unusual for the defendant to agree this. Wonder why?

Posted by erazzel on the 6th December :-

its a small extension.

Nothing to read into about it

Posted by Oopsi on the 6th December :-

I disagree. Yes it is a small extension but most extensions tend to be small - on or around two weeks is usually the norm. However, in these circumstances, you would only agree to extend for two reasons. You are effectively dealing with a litigant in person and don’t want to seem unreasonable before the judge. I think we are long past that. Don’t forget that Hope would have to sign off on agreeing any extension. Given the acrimony that has gone on and that Hopes business is taking over distressed companies I don’t think he cares too much about being reasonable. If I was advising him I know what I’d be saying - no extension. Your opponent is on the ropes. Go for the kill. The reason he may have been persuaded to agree an extension is there is a chance (only a chance) of resolving the matter sooner rather than later. I’ve given extensions on that basis in the past.

Posted by Ivyspivey on the 6th December :-

Oopsi does the facet fact it is a short extension indicate anything like would SN had to specify an extension date in letter and would he have to give a reason for extension ie to finalise new counsel
Thanks

Posted by Oopsi on the 6th December :-

He would have had to agree it with the other side - hence the short time frame. Generally when the parties agree the extension the process is easier and unless you get a really controlling judge the court just rubber stamps it without asking too many questions as to why. If the defendant hadn’t agreed then SN would have needed to give reasons when applying to court.

Posted by keysersoze on the 5th December :-

https://www.google.com/amp/s/www.washingtonpost.com/opinions/2019/03/21/oligarchs-are-suffocating-whats-left-democracy-eastern-europe/%3foutputType=amp

Ukraine , Georgia and Moldova mentioned, interesting FRR are involved in all 3. Maybe the CIA or USA do have a bigger plan.

Democracy Dies in Darkness

DemocracyPost

The oligarchs are suffocating what’s left of democracy in Eastern Europe

By Mikheil Saakashvili

March 21, 2019 at 10:00 AM EDT

Mikheil Saakashvili served as president of Georgia from 2004 until 2013.

Days before the hotly contested Ukrainian presidential election on March 31, incumbent Petro Poroshenko’s party faces credible allegations of voter bribery. It’s not hard to guess what will happen next. The oligarchic clique will steal the election, and in response, international observers will accuse local authorities of vote-rigging. But instead of addressing the symptoms of democratic backsliding, it’s time to treat the root cause: informal power.

Moldova offers a textbook example. Oil and banking tycoon Vladimir Plahotniuc bankrolls the country’s second-largest political force and has forged alliances with other parties to consolidate power. Although Plahotniuc exerts total control over parliament, law enforcement and the courts, he has no interest in running for office. His nickname in Moldova is “the puppeteer,” and the elections last month only strengthened his hold on the country.

Moldova has a per capita gross domestic product of just $3,226. Plahotniuc’s wealth is estimated at $3 billion, making him a million times wealthier than the average constituent. Unsurprisingly, true power resides with him, not with elected officials. The same applies to two other countries bordering Russia: Georgia and Ukraine.

When I was president of Georgia, our country was lauded as the top reformer in the world. Today, Georgia has its own Plahotniuc: Bidzina Ivanishvili, the chairman of the ruling party. He has a known net worth of $4.9 billion, equivalent to nearly one-third of the country’s GDP. How he accrued this wealth — in Russia, of course — is dimly understood. Ivanishvili rules Georgia as his fiefdom, with loyal courts and a repressive security apparatus.

Ivanishvili’s political engagement is not driven by his vision for Georgia’s future. One would be hard-pressed to describe his party’s platform, policy proposals or any substantive achievements since he came to power in 2012. Rather, Ivanishvili viewed his party as yet another investment — and he is reaping the returns. Exerting informal control over public institutions, the oligarch has monopolized Georgia’s economy. Transparency International recently singled out Georgia as an egregious example of “state capture.”

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