Kirsan Ilyumzhinov's case against FIDE was settled Print
Friday, 28 December 2018 17:52
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FIDE and Mr. Kirsan Ilyumzhinov concluded a Settlement Agreement, which was approved by CAS. New leadership of FIDE is happy to announce that a Settlement Agreement between FIDE and former FIDE President Kirsan Ilyumzhinov has been reached.

Below is detailed information about this case.

On 12 July 2018, the FIDE Ethics Commission determined that FIDE President Kirsan Ilyumzhinov be temporary excluded from his office for 18 months with effect from 12 July 2018, 12 months of which were suspended for a period of two years.

On 2 August 2018, Mr. Ilyumzhinov filed his Statement of Appeal against the decision of the FIDE Ethics Commission to the CAS.

On 27 November 2018, the Parties reached an amicable settlement of their dispute. In the process of preparation of the Agreement from the FIDE side, the draft of the Agreement was reviewed and approved by the FIDE Ethics Commission. Furthermore, the idea of the settlement was also approved by the FIDE Presidential Board (the decision of the Board Q4PB-2018/50).

FIDE would like to emphasize separately that the above agreement was subject to ratification by the Panel of independent arbitrators of the CAS that reviewed it.

On 21 December 2018, the Settlement Agreement between Kirsan Ilyumzhinov and FIDE submitted to CAS on 28 November 2018 was ratified.

According to the ratified Agreement, FIDE agrees to reduce the temporary exclusion imposed on Kirsan Ilyumzhinov from holding any of the positions listed in Chapter 3.1. (a)-(l) of the FIDE Statutes to a period starting on 13 July 2018 and ending on the day of issuance by the CAS of a Consent Award, ratifying this Settlement Agreement and incorporating its terms into a Consent award. Both Kirsan Ilyumzhinov and FIDE agree that all other aspects of the FIDE Ethics Commission’s decision in the case no 2/208 remain unaffected.

FIDE would like to emphasize that this Settlement Agreement constitutes the full and final settlement of the dispute between FIDE and Kirsan Ilyumzhinov relating to the FIDE Ethics Commission’s decision in the case no 2-2018. Furthermore, Kirsan Ilyumzhinov confirms that he does not have any claims against FIDE not only in connection with the present dispute, but also in the framework of his entire relationship with FIDE".
















 
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