High Specialized Court stops resolution on debt payment by Odesa Port Plant

Odesa Port Plant should satisfy a debt in 198 million of dollars and fine in 57 million dollars

18:58, 19 May 2017

Open source

The High Specialized Court of Ukraine for Civil and Criminal Case stopped the resolution of the South City Court of Odesa Region of the debt recovery from Odesa Port Plant. The debt in 198 million of dollars and fine in 57 million dollars should be paid to the company of Dmitriy Firtash Ostchem as the website of the State Property Fund reports.

Also, the court accepted the appeal in cassation of the State Property Fund in the matter of the debt of Odesa Port Plant in front of Ostchem on May 17.

The South City Court granted a request of the Ostchem Holding Limited to recognize and give the permission to forcible implementation of judgement by Arbitration Institute of the Stockholm Chamber of Commerce on debt payment by "Odesa Port Plant" on March 6, 2017. This resolution was confirmed by Odesa Court of Appeal.

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