shipbuilding headquarters oslo norway number of employees 5000 website www.wadanyards.com wadan werft wismar wadan yards was a shipbuilding company that filed for bankruptcy in december 2009 followed by bankruptcy in march 2010 . the company was created by the sale of the two german shipyards in wismar and warnem nde and the shipyard in mykolaiv in ukraine by the norwegian company stx europe formerly aker yards to the russian controlled investment company flc west . contents 1 history 1.1 german subsidiaries file for bankruptcy 1.2 legal challenges to the transfer of the ukrainian shipyard 1.3 allegations of money laundering 2 organization 3 references history edit in march 2008 aker yards sold the majority of the two german shipyards and the ukrainian shipyard to the russian controlled investment company flc west which is controlled by the entrepreneurs andrei burlakov russian sergey morozov russian and evgeniy zaritsky russian . the three shipyards were renamed wadan yards mtw wismar wadan yards warnow gmbh and wadan yards okean ojsc . the three shipyards became part of the new company aker yards ukraine holding of which flc west held 70 percent and aker yards held 30 percent . the transaction was effective retrospectively from 1 january 2008 and since 22 september the shipyards have gone by the name of wadan yards . 1 the purchase price was 248.9 million euros . 2 the agreements between stx europe and flc west included contracts for four container ships to be delivered in 2010 . the agreements also included an option for wadan yards on a 21.3 percent holding in the finnish technology company aker arctic in which stx europe previously as of 2008 held 71.4 % . 3 the holding company wadan yards group as was based in oslo . german subsidiaries file for bankruptcy edit on 5 june 2009 the company filed for bankruptcy . 4 in the course of the insolvency proceedings the shipyards in wismar and warnem nde were acquired by nordic yards . on 5 june 2009 the german parts of the company wadan yards mtw gmbh wadan yards warnow gmbh wadan yards warnow real estate gmbh wadan yards lng technology gmbh wadan yards mtw real estate gmbh filed for bankruptcy at the court in schwerin . the schwerin lawyer marc odebrecht a member of the law firm of brinkmann & partner was appointed as administrator . in mid august 2009 the administrator succeeded in finding a buyer for the shipyards and their assets . the head of the moscow nordstream office witali jussufow russian vitaly yusufov the son of the former russian minister of energy and gazprom board chairman igor jussufow russian igor yusufov acquired the shipyards for approx . 40.5 million euros via the nordic yards vehicle created by him . the creditors committee approved the purchase retrospectively from 17 august 2009 . yusufov announced that he would retain half the 2500 workforce . he issued a job guarantee for 1200 employees . following the sale of all assets the insolvent companies of the german wadan yards are now a legal shell without content via which wadan creditors claims are to be settled . 5 legal challenges to the transfer of the ukrainian shipyard edit the ukrainian shipyard was transferred to different companies in the weeks before konkurs pning bankruptcy proceedings in march 2010 and eventually was transferred to a company in the british virgin isles dartwell . 6 templestowe trading corp hired the lawyers that transferred the ukrainian shipyard . 7 johan ratvik was appointed administrator and he asked kokrim and the oslo police district to investigate for bounndragelse withholding assets from the estate . 8 the estate of the bankrupted norwegian company konkursboet made a deal with kostjantin zjevago zjevago acquired claims of 50 million euro that the bankrupted company has against the ukrainian shipyard in addition to zjevago receiving the shares in okean the company that owned 98.7 % of the ukrainian shipyard . if zjevago is successful in recouping the assets then the bankrupted estate will get a share of that . 6 in a spring of 2012 press release tom einertsen announced zjevago s lawsuit saying the transfer of shares and loans were part of an operation to withhold unndra great assets from creditors . the transfers were illegal . our goal is to get the shipyard back . 7 zjevago has sued in amsterdam five companies and a swiss lawyer . 7 in new york zjevago initiated a discovery court process to demand access to the documentation of a u.s. law firm that assisted in transferring the ownership of the shipyard to companies first in the british virgin isles then panama then netherlands and then back again to the british virgin isles . 7 court hearings in new york are scheduled to proceed in july 2013 . 7 allegations of money laundering edit on 29 september 2011 the former owner of the company andrey burlakov was murdered in a restaurant in moscow . 9 a 2013 article in dagens n ringsliv reported what aleks bezborodov one of russia s best known shipping analysts 10 has said to infranews andrej burlakov was the first russian to buy a shipbuilding company abroad . only a crazy man would have bought a shipbuilding company without the consent of the russian government . it looked more like an attempt at laundering money rather than a reell investment . clearly someone wanted to hide the trail of government money that had vanished . the article in dagens n ringsliv reported what the wellknown 11 russian investigative journalist roman sjlejnov said neither the germans or the norwegians asked critical questions about where the money came from . that is odd . then when things went wrong everyone started looking for scapegoats . the article in dagens n ringsliv said that today there still is nobody who will tell where the mysterious templestowe trading corp got the nearly 200 million euro it borrowed to buy the three aker yards shipyards in 2008 . 12 organization edit in addition to three shipyards the company also includes the engineering company wadan yards engineering rostock gmbh formerly warnow design gmbh wadan yards engineering nikolaev cjsc formerly aker yards design ukraine and wadan yards lng technology gmbh formerly aker yards lng technik gmbh before that aker yards lng unit registered in warnem nde and the site management companies in germany wadan yards warnem nde real estate gmbh and wadan yards mtw real estate gmbh . citation needed references edit ndr aker werften hei en jetzt wadan yards of 22 september 2008 archived link 22 september 2009 german finanznachrichten aker yards completes flc west deal of 29 july 2008 stx europe annual report 2008 accessed 5 october 2009 dead link ndr wadan werften melden insolvenz an archived link 1 september 2009 german cf. landesregierung stimmt werft verkauf zu at focus.de 17 august 2009 german a b engdal eskil ; s ter kjetil 22 june 2013 . en russisk kule a russian bullet . dagens n ringsliv . p. 13 dn magasinet . a b c d e engdal eskil ; s ter kjetil 22 june 2013 . en russisk kule a russian bullet . dagens n ringsliv . p. 15 dn magasinet . engdal eskil ; s ter kjetil 22 june 2013 . en russisk kule a russian bullet . dagens n ringsliv . p. 11 dn magasinet . criminal case initiated in wadan yards ex owner s murder engdal eskil ; s ter kjetil 22 june 2013 . en russisk kule a russian bullet . dagens n ringsliv . p. 12 dn magasinet . andrej burlakov var den f rste russeren som kj pte et skipsverft i utlandet . bare en gal mann ville kj pt et skipsverft uten statens st tte . det lignet mer p et fors k p hvitvaske penger enn en reell investering . det er helt klart at noen ville skjule sporene etter forsvunne statspenger sier aleks bezborodov en av russlands mest kjente shippinganalytikere til nyhetsbyr et infranews . engdal eskil ; s ter kjetil 22 june 2013 . en russisk kule a russian bullet . dagens n ringsliv . p. 11 dn magasinet . hverken nordmennene eller tyskerne stilte kritiske sp rsm l til hvor pengene kom fra . det er underlig . da det gikk galt begynte alle lete etter syndebukker sier den kjente russiske gravejournalisten roman sjlejnov . en russisk kule a russian bullet retrieved from https en.wikipedia.org w index.php title wadan yards & oldid 714955850 categories shipyards of europecompanies based in osloshipbuilding companies of norwaywismarbuildings and structures in nordwestmecklenburghidden categories articles with german language external linksall articles with dead external linksarticles with dead external links from june 2013articles containing russian language textall articles with unsourced statementsarticles with unsourced statements from july 2013 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload 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