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By Joe Hoppe Ferrexpo said two Ukrainian subsidiaries, Ferrexpo Yeristovo Mining and Ferrexpo Belanovo Mining, have received documents from Ukraine's...
NEW YORK, December 13, 2021: Ukrzaliznytsia ("UZ") has recently suffered two setbacks in its ongoing efforts to evade payment of its adjudicated debts held by VR Global Partners ("VRGP"). On December 7, 2021, the Northern Commercial Court of Appeal ordered the State Executive Service to freeze $36.9 million and UAH 268 million of Ukrzaliznytsia's funds. These amounts correspond to amounts confirmed by the Supreme Court as due to VRGP in respect of three enforcement proceedings that were the subject matter of this case. VRGP holds claims against UZ in respect of nine l...
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 ...