SPF: Stockholm arbitration decision on Odesa Port-Side Plant's debts not to impact privatization

14:39, 04.04.2016 1 min read

The decision of the Arbitration Institute of the Stockholm Chamber of Commerce to ban Odesa Port-Side Plant from alienating non-current assets would not influence its privatization, the State Property Fund of Ukraine has reported, referring to its head Ihor Bilous.

"The court decision on the plant's debt to Firtash [Dmytro Firtash, the beneficiary of the claimant Ostchem] has no relation to privatization," the press service said, citing Bilous.

The privatization implies the sale of shares, but not alienation of non-current assets banned by the court.

Now SPF lawyers are studying the circumstances of the case and could file a counterclaim, if warranted.