New York, January 11, 2002—CPJ is gravely concerned over today's ruling by the Presidium of the Highest Arbitration Court upholding the liquidation of the Moscow Independent Broadcasting Company (MNVK), parent company of Russia's only independent, nationwide television channel, TV-6.
The suit was originally lodged in September by the pension fund of LUKoil-Garant, a minority shareholder in TV-6. LUKoil-Garant is a subsidiary of the giant LUKoil Corporation, which owns 15 percent of TV-6. The Russian industrial magnate Boris Berezovsky, who is a bitter opponent of President Vladimir Putin, owns 75 percent of the station, either outright or through other companies that he controls. Originally, the Moscow Arbitration Court ruled to close MNVK on the basis of an obscure Russian law that prohibits companies from running a deficit for more than two years. TV-6 appealed, and though a Moscow appellate court upheld the liquidation in November, another appeal from TV-6 led to a ruling in the station's favor on December 29. However, as of January 1, 2002, the Russian parliament repealed a law that allowed shareholders to liquidate their own companies, thus eliminating the legal basis for proceedings against TV-6.