The Privy Council today delivered another crucial ruling in favour of White & Case's client Cukurova, in its six-year battle to recover its controlling interest in Turkcell (Turkey's largest mobile phone operator). The effect of its decision is that Cukurova will have to pay approximately $1.5 billion to reacquire its shareholding, less than half the amount its opponents, Russia’s Alfa, had claimed was payable.
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