 RUSSIA IN FACTS |
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IPOC claims rights in MegaFon
Preparations are underway for one of the largest offshore battles of 2004. It involves a small Bermudian company and
Russian oil and banking tycoon Mikhail Fridman. IPOC, a fund specialising in investing in initial public offering
opportunities in emerging markets, claims that it has the rights to a 25 per cent stake in MegaFon, Russia's third-
largest mobile phone company, and that this has been snatched from it by Fridman's conglomerate, the Alfa Group. No
date has yet been set for a full trial in the British Virgin Islands. IPOC is represented by Martin Mann QC (XXIV Old
Buildings), instructed by Winston & Strawn, and Alfa by Stephen Smith QC (New Square), instructed by Lovells.
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