The court allowed Oschadbank to recover a billion Ukrtelecom

Суд разрешил Ощадбанку взыскать миллиард с Укртелекома

The Supreme court sided with the Bank in a dispute with Ukrtelecom

The Supreme Court reversed the decisions of two courts at the suit of the Bank to the company and was allowed to collect the debt.

The Supreme Court partially satisfied the cassation appeal of the Bank and cancelled the decision of Economic court of Kiev and ruling of the Kyiv appeal economic court about termination of the contract of purchase and sale of bonds, concluded between the Bank and Ukrtelecom, 1.1 billion hryvnia. About it reports a press-service of the Bank.

“The Supreme Court decision of 17 July 2018 partially satisfied the cassation appeal of the Bank and cancelled the decision of economic court of Kiev from November 27, 2017, and the ruling of the Kyiv economic court of appeal dated April 10, 2018 for termination of the contract of purchase and sale of bonds, concluded between the Bank and Ukrtelecom, worth more than 1 billion UAH”, – stated in the message.

Thus, Oschadbank received the right to enforce the with Ukrtelecom indebtedness under the contract of purchase and sale of bonds in the amount of 1.1 billion hryvnia. The corresponding claim of the Bank is pending before the commercial court of Kyiv.

Earlier it was reported that the district court froze the assets of Rinat Akhmetov to the amount of 820 million dollars in the case of Ukrtelecom. Later, the court of Amsterdam took a temporary decision to freeze on the territory of the Netherlands assets. June 6, the Cyprus court withdrew the arrest of the assets Akhmetov.

 

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