Attention, attention, this is Germany speaking. A significant event has taken place. Forbes magazine and your humble servant have launched a new project: the "Shareholder Protection Center with Alexei Navalny." The project is hosted on the publication’s website: http://www.forbesrussia.ru/ - we take specific cases involving violations of shareholder rights and/or possible corporate fraud (for example, from media reports) - analyze them - develop ways to fight back - see what turns out to be more effective and what less so and so on. Less theory, more hands-on practice. To kick off the project, we chose our old favorite, VTB Bank, and the situation in which its effective managers (TM) bought back shares in its Cypriot subsidiary and then awarded themselves dividends on those shares in an amount greater than the value of the shares themselves. Very good business, as one well-known blogger likes to say. Everything will happen in the most interactive format possible, so I’ll be very glad to see anyone who wants to take part, spread the word, criticize, offer suggestions, and so on.

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