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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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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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