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Regulatory approval clause at centre of Catalyst lawsuit

Briefs | 06/03/2016 8:33 pm EDT

The consortium of investors that bought VimpelCom Ltd.’s stake in Wind Mobile didn’t make the deal contingent on regulatory approval, a clause it was able to include because of a breach in the confidentiality agreement between VimpelCom and The Catalyst Capital Group Inc., according to allegations levelled Tuesday against the consortium in a filing to the Ontario Superior Court.

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