PRESS RELEASE: Shopping mall Ukraina turns to Security Council secretary Kliuyev
Kyiv, April 11, 2012. According to Rostyslav Levinzon, acting director of the shopping mall "Ukraina", has officially addressed to the Secretary of National Security and Defense Council of Ukraine Andriy Kliuyev. The letter contained a detailed account of the raider’s attack on the shopping mall "Ukraina". The document also contained a request to take measures to prevent the illegal seizure of the enterprise. The full text of the letter of address may be found at the Web site www.univermagukraina.com in the section "Information about the conflict".
The shopping mall Ukraina case was officially recognized a raider’s attack at the meeting of the Interagency Committee on countering illegal acquisition and takeovers of enterprises, headed by the First Vice Prime Minister Andriy Kliuyev at the time. As Kliuyev became the Secretary of Security Council, the organization became the center of the country’s policy on combating corruption. The National Security and Defense Council of Ukraine was granted control over the National Anti-Corruption Coordinating Committee (personnel of the Committee was approved by the President of Ukraine).
Actions to seize the mall started back in April of 2011. At the time, the law firm YurBiznesKonsalting sued QHS. Execution of the court ruling on the interim relief resulted in the arrest of all PAT "Shopping Mall "Ukraina" shares that belonged to QHS. The market value of these shares is estimated at tens of millions of U.S. dollars. Moreover, shareholder who owns as much as one share filed numerous lawsuits to the same court. This blocked the decision of the general shareholder meeting on appointment of the new acting director. The culminating point of the raider’s attack became the decisions of the Kyiv City Commercial Court and the Kyiv Commercial Appeals Court to recover 45.2 million dollars from the shopping mall "Ukraina" in favor of the offshore Lyndhurst Development Trading S.A. based on the forged debt agreements.
"As of now, the case of the shopping mall "Ukraina" has attracted close attention of the Ukrainian media, business, and general public. The discussion of this issue has been widely covered by the foreign media. Now that the case is closely supervised by the National Security and Defense Council of Ukraine we hope we will be able to find a solution to the situation and protect the foreign investor’s property rights stripped off by the Ukrainian courts," stated the acting director of the shopping mall "Ukraina" Rostislav Levinzon.
Quinn Holdings Sweden AB was founded in 2005 and is headquartered in Stockholm. Quinn Holdings Sweden AB (QHS) is the majority shareholder of PAT Univermag Ukraine, a publicly held company in Kyiv, Ukraine. Currently QHS holds nearly 93% of the company’s stock.
IBRC (Irish Bank Resolution Corporation) is a financial institution that is fully owned by the Republic of Ireland and thus, indirectly, by all Irish taxpayers. Prior to a name change on Oct. 14, 2011, IBRC was known as the Anglo Irish Bank Corporation Limited. Founded in 1964 in Dublin, the company continues to have its headquarters there today, with offices in other cities in Ireland and Great Britain. At the moment, the Bank is being forced to actively assert its rights and lawful interests in the suits that have been initiated very recently in the Commercial Court of the City of Kyiv with the purpose of removing encumbrances on assets that have been placed under lien in the Bank’s favor.
For additional information, contact:
Oleksiy Syvak, Senior Advisor, CFC Consulting Tel: +380 44 492 7599 or e-mail: os@cfc.com.ua
For additional information, contact:
Oleksiy Syvak, Senior Advisor, CFC Consulting +38 (044) 492-75-99 or os@cfc.com.ua
The press release has been issued on commercial terms. The Interfax-Ukraine News Agency is not responsible for its contents.