Ukrainian court recognizes Stockholm arbitration ruling to recover $250 mln from Odesa port-side plant in favor of Ostchem
Yuzhny town court of Odesa region has recognized the ruling of the Arbitration Institute of the Stockholm Chamber of Commerce dated July 25, 2016 to recover about $250 million from PJSC Odesa port-side chemical plant in favor of Ostchem belonging to Dmytro Firtash.
The corresponding decision of March 6 has been posted in the unified state register.
"Recognize and grant permission for the compulsory execution of the arbitral decision," the document reads.
According to the findings of the Ukrainian court, Odesa port-side chemical plant must pay UAH 6.813 billion to Ostchem in repayment of debt for gas and fines on it.
As reported, Odesa port-side chemical plant owes NJSC Naftogaz Ukrainy about UAH 1.5 billion for gas.
Odesa port-side chemical plant, being in state ownership, produces chemical goods. It is engaged in ammonia transshipment to sea transport.
Advertising
Advertising
MORE ABOUT
Vienna court sends Firtash's extradition case to USA for new trial
17:24, 16.06.2023
SBU suspects Firtash and senior management of fraud connected with over UAH 18 bln in gas purchases
09:32, 16.05.2023
Firtash notified of suspicion by Security Service of Ukraine, Bureau of Economic Security – source
11:39, 15.05.2023
Firtash's attorneys file appeal against court's refusal to reconsider extradition case to USA
19:10, 31.03.2022
Group DF of businessman Firtash transfers UAH 100 mln for humanitarian aid, businessman Yaroslavsky selling his yacht
12:16, 03.03.2022
LATEST
Pharmaceutical firm Darnitsa could attract loans of up to UAH 5 bln within one year
21:01, 30.04.2024
Metinvest offers to buy back part of its senior notes due in 2025 and 2026 worth up to $70 mln
20:59, 30.04.2024
Nova Poshta opens its first branch in Spain
20:34, 30.04.2024
Govt amends ECA charter to insure investments against war risks
19:12, 30.04.2024
NBU completing development of bill on war risk insurance system in Ukraine