VR Capital Group objects to the ruling of Pechersk District Court blocking the enforcement of the Supreme Court decision

17:43
14.05.2021
VR Capital Group objects to the ruling of Pechersk District Court blocking the enforcement of the Supreme Court decision
3 min read
May 2021
On 20 April 2021, the Supreme Court of Ukraine put an end to several years of legal wrangling over defaulted debts of Ukraine Railways (“UZ”). The state-owned company was ordered to pay VR Global Partners, L.P. (“VRGP”) in full.
Following this ruling, and in strict accordance with the law, the State Enforcement Service opened enforcement proceedings against UZ and arrested its bank accounts up to the amounts owed to VRGP.  This should have been the end of the matter.

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