Courts and disputes

The shareholder of Petropavlovsk, who proposes to carry out an independent examination of the company's transactions, was alarmed by a possible deal on the Elgin project and Deloitte's refusal to continue providing audit services to the company. Petropavlovsk refused to give Everest a justification as to why it was necessary to buy back 25% from Tami, the operator of the Elginskoye project, for $60 million. According to the shareholder, the asset is not worth that money.