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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.
Odesa
Odes-ka-oblast
Ukraine
Stockholm
Sweden
Dmytro-sennychenko
Supreme-court
Dmytro-firtash-ostchem-holding
Property-fund-of-ukraine
Port-side-chemical-plant
State-property-fund
Dmytro-firtash
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April 2021 – On 29 April 2021, the
President of Ukraine signed the Law of Ukraine On Amendment
to Section V Final and Transitional Provisions of the Law
of Ukraine on the Privatisation of State and Municipal Property for
the resumption of auctions for the sale of large-scale
privatisation objects (the
Law ),
which removes the ban on large-scale privatisation in Ukraine
enacted a year ago due to the Covid-19 situation. The Law will
become effective on the day following its publication.
According to Dmytro Sennychenko, the Head of the State Property
Odesa
Odes-ka-oblast
Ukraine
Kyiv
Kyyiv
Misto
Ukrainian
Dmytro-sennychenko
Fund-of-ukraine
Chemical-company
Coal-company
Transitional-provision
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