Paraphrasing today's Fin. Rev. article (as it was already mentioned above); the article says that MMK really don't want finish this transaction; 'Elena' is just a figment of some Russian lawyers imagination; that FMS will have no chance to get the 'break fee' from MMK, but as MMK's got around a 5% share holding in Fortescue (worth approx $700 million), the best option for FMS would be to try to put an injunction onto that holding. If that would be successful, that would make the Russians come to the table pretty smart-quick.
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Smart lawyers are being employed on the Russian side for sure - the final judgement will be announced TWO DAYS after the supposed expiry... And of course it's two days only, because 1 July is a Sunday... Otherwise it surely would be announced just ONE day after expiry - LOL
how long does it take to make a release, page-27
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