MTN notes US Federal Court judge ruling
BUSINESS| Oct. 12, 2012, 7:44 p.m.
MTN Group has issued a statement saying it has noted a United States federal court ruling to put on hold a lawsuit by Turkcell against MTN alleging bribery, pending a U.S. Supreme Court ruling whether the case can be heard in a US court.
MTN had asked Judge Walton of the Washington district court to either dismiss the Turkcell case outright, or stay it until after the Supreme Court renders its decision on what has become known as the Kiobel case.
Using the Kiobel case, the judge will then decide whether Turkcell’s case against MTN can be heard in a US court when neither is a US company, and the alleged conduct happened on foreign territory. Legal experts predict the Supreme Court will use the Kiobel case to restrict such cases.
MTN says it continues to believe that there is no legal merit to Turkcell's claim and no basis for such claim to be brought before a US court. MTN expects the Turkcell claim to be disposed of after the Supreme Court issues its decision in the Kiobel case. That is expected to happen by the end of June 2013.
MTN will accordingly continue to oppose the claim.
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