The Supreme Court has upheld the appeal of PJSC Odesa Port-Side Chemical Plant and the State Property Fund of Ukraine (SPF) and refused Dmytro Firtash's Ostchem Holding Limited the implementation of the decision of the Stockholm arbitration court to recover over $ 300 million from Odesa Port-Side Chemical Plant for gas supplies, SPF Head Dmytro Sennychenko has said.
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The Supreme Court has upheld the appeal of PJSC Odesa Port-Side Chemical Plant and the State Property Fund of Ukraine (SPF) and refused Dmytro Firtash’s Ostchem Holding Limited the implementation of the decision of the Stockholm arbitration court to recover over $300 million from Odesa Port-Side Chemical Plant for gas supplies, SPF Head Dmytro Sennychenko has said.
“This is a final decision that is not subject to appeal. That’s it. In short, now Ostchem will not be able to obtain a forced recovery of $ 250 million of debt from Odesa port-side plant, and even more so – to claim the entire enterprise,” he said in a blitz interview to the Interfax-Ukraine agency.