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OFFICIAL STATEMENT FROM NEW ZEON
Dear Residents,
In connection with messages circulated on Telegram on behalf of Ilya Flaks, the company NEW ZEON hereby makes the following official statement:
1. Company operations
NEW ZEON continues to operate as normal. The legally authorized management of the company consists of General Director Shahla Akhundova and Acting General Director Araz Mammadov, as confirmed by the official extract from the State Register of Legal Entities of the Republic of Azerbaijan.
2. Lack of authority of Mr. Flaks
Although 60 % of the company’s shares are registered under the name of Ilya Flaks, he effectively owns only 35 %, while the remaining shares are recorded in his name without valid powers of attorney from other shareholders.
According to Articles 87, 91 and 99 of the Civil Code of the Republic of Azerbaijan, as well as the Law of the Republic of Azerbaijan “On Business Companies,” a participant (shareholder) of a company:
• has no right to interfere in the company’s operational management,
• has no authority to give instructions to employees,
• and cannot dispose of company assets or funds without proper corporate authorization.
Therefore, the public statements made by Ilya Flaks regarding any “suspension of payments” have no legal force and are regarded as interference in the company’s business activities and an attempt to destabilize its operations.
3. Payments
All rental payments must continue to be made in the usual manner — to the official bank accounts of NEW ZEON. Any alternative payment instructions or channels are invalid and may result in adverse consequences for residents.
4. Written confirmations
Residents who refuse to make rental payments based on statements by Ilya Flaks are required to submit a written declaration specifying the reason for non-payment. The declaration form can be signed at the company’s new office. Residents who do not have valid lease agreements or who need to renew them are asked to contact Farid Askerov or Nidjat Aslanov.
5. Legal measures
The company reserves the right to seek legal remedies and to contact law-enforcement agencies regarding the dissemination of false information, financial damage, and unlawful interference in the activities of NEW ZEON.
⚠ Please remain vigilant and make payments only to the official company accounts.
Respectfully,
“YENI ZEON” LLC
Official Management Team