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Hostile Takeover Within A Hostile Takeover: Misinformation Could Compromise Fate Of Ukraine s Grain Corridor

At a time when so many seek to demonstrate a unified show of support for Ukraine, it is unfortunate but necessary to document any campaign of misinformation which risks so much and if successful will

Trafigura s non-existent nickel was bought by a US firm

Trafigura sold cargoes of nickel it now believes may not have contained any of the metal to buyers.

Creditors are trying to declare bankruptcy of a terminal that loads ships under the Grain Agreement

On February 15, 2023, the Commercial Court of the Lviv region started the bankruptcy procedure of the LLC Olimpex Coupe International, which manages a strategically important grain terminal that provides the operation of the "grain corridor", says the press release of the GNT Group holding.

Court Prevents Argentem Creek Partners as a Creditor from Selling GNT Group s Grain Terminal in Odesa

On February 7, 2023, the Nicosia District Court (Cyprus) issued an order preventing the creditor, Argentem Creek Partners (ACP), and its agent Madison Pacific Trust Ltd (Hong Kong), from taking action aimed at gaining possession, encumbering, or selling the grain terminal in Odesa Commercial Sea Port owned by the GNT Group and its rightful owners, Volodymyr Naumenko and Sergiy Groza.

An Attempt Initiated by Argentem Creek Partners to Takeover GNT Group s Business Can Affect the Grain Corridor s Operation Negatively

Odesa (Ukraine) – Dubai (UAE) Argentem Creek Partners (ACP), a U. S. hedge fund, announced on January 16, 2023, that the High Court of Justice of England ordered the garnishment of assets to the tune of $118 million held by Serhii Hroza and Volodymyr Naumenko, co-owners of GNT Group and Olimpex Coupe grain terminal in Odesa. Before that, Argentem Creek Partners initiated a replacement of executives in companies shipping grain for export via Odesa Commercial Sea Port.

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