The higher business court of Ukraine on December 10, 2014 ruled that shares in eight corporate companies sold earlier are returned to ownership of a public joint-stock company, Kyivmiskbud Holding.

According to a company report issued on Wednesday, the ruling leaves unchanged the ruling of the business court dated Kyiv of February 4, 2013 and the ruling of the business court of appeals of Kyiv dated December 17, 2013.

According to the rulings, public joint-stock company Asvio Bank is to write off shares in OJSC Kyivviddilbud, public joint-stock company Budmekhanizatsia, public joint-stock company ATP-5, OJSC Miskbud-4 Trust, public joint-stock company Decoration Materials Plant, OJSC Miskbudtrans, public joint-stock company Asphalt-Concrete Plant and OJSC Zhuliany from accounts of offshore companies to the securities account of Kyivmiskbud Holding.

"Today, Kyivmiskbud completely restored ownership rights to shares in 32 subsidiaries which were illegally sold in the times of Leonid Chernovetsky [former Kyiv Mayor]," reads the report, citing Kyivmiskbud Holding Board Chairman Ihor Kushnir.