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U S Funds Win Ukraine Court Support in Odesa Grain Terminal Spat

U S Funds Win Ukraine Court Support in Odesa Grain Terminal Spat
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Ukraine update: Nato allies temper hopes on $100bn Kyiv fund; US Congress in aid legislation showdown

Ukraine update: Nato allies temper hopes on $100bn Kyiv fund; US Congress in aid legislation showdown
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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.

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