The court made its ruling on Tuesday after hearing an appeal by Norway's Telenor, the owner of a 56.51% stake in Kyivstar, Telenor has told Interfax-Ukraine.
Storm Company, which owns a 43.49% stake in Kyivstar, is trying to gain parity of votes in the company's board of directors irrespective of the size of stakes.
As reported, Kharkiv Regional Court of Appeal on August 8 heard Telenor's application on the resumption of the terms for submitting the appeals. The hearing was scheduled for Tuesday, August 22.
The press service said that on November 3, 2005, according to the appeal by Storm's representative Pavlo Kulikov, Moscow Region Court in Kharkiv ruled clauses in Kyivstar's regulations illegal and ruled for the parity of votes on the council of the Ukrainian mobile operator.
Kyivstar GSM is a large mobile operator in Ukraine. As of September 1, Kyivstar claimed to service over 17.216 million subscribers, informed Interfax-Ukraine.