Kyiv's business appeal court annuls lower instance court decision to collect UAH 232 mln from Ukrgazvydobuvannia
Kyiv's business court of appeals has annulled a ruling of lower instance court to collect UAH 231.6 million from public joint-stock company Ukrgazvydobuvannia in favor of Arabian Energy Alliance UA, the press service of the Prosecutor General's Office (PGO) has reported.
The court made the decision on June 13.
"The lower instance court notwithstanding the requirements of Article 121 of the Code of Commercial Procedure of Ukraine groundlessly changed the way and the rules for enforcing the court ruling from a commitment to transfer arrested property under the joint operations agreement to pay for it… The court of appeals annulled the unlawful decision," the PGO said.
Arabian Energy Alliance UA is the legal successor of компании Kuwait Energy Ukraine.
Kuwait Energy Ukraine was the co-owner of Rudis drilling company LLC, the former partner of Ukrgazvydobuvannia in joint operations.
Advertising
Advertising
MORE ABOUT
Court rules to seize all property of Supreme Court ex-head Kniazev – Justice Ministry
17:43, 24.04.2024
Court overturns arrest of 100% of Ukrtower owned by Turkcell - Datagroup-Volia
10:04, 23.04.2024
KYIV COURT OF APPEALS GRANTS LIFECELL'S CLAIM, LIFTING SEIZURE OF 19.8% OF COMPANY'S CORPORATE RIGHTS
18:34, 16.04.2024
SBU denies info about appeal against Maliuk's arrest in absentia in Russian court
20:59, 15.04.2024
Court to hear dispute between Paseniuk and NBU regarding Avangard bank in closed-door session
19:28, 09.04.2024
LATEST
NBU requires Getin Holding to sell Idea Bank within six months
10:09, 03.05.2024
DIM company accredits houses under construction in eOselia program
19:22, 02.05.2024
Shareholders of Interpipe Nyzhniodniprovsky Pipe Rolling Plant updates composition of supervisory board, re-elected four members for new term, incl its head
19:05, 02.05.2024
Philip Morris to invest $11 mln in launch, commercialization of new version of tobacco heating device in Ukraine
18:24, 02.05.2024
Number of transfers via NovaPay up by 18%, transactions by 24% in Q1 2024