Violation of rights instead of rule of law: VR Capital will appeal to Supreme Court against decision of Court of Appeal on invalidity of the right of claim against Ukrzaliznytsia interfax.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com.ua Daily Mail and Mail on Sunday newspapers.
Kyiv Commercial Court Confirms Validity of Purchase of Ukrainian Railways Debts by VR Global Partners, L.P. interfax.com.ua - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from interfax.com.ua Daily Mail and Mail on Sunday newspapers.
LONDON: A US District Judge has closed a claim against the Broadsheet LLC by a hedge fund that sought to take control of $29 million award amount that Broadsheet won from the Government of.
LONDON: A US District Judge has closed a claim against the Broadsheet LLC by a hedge fund that sought to take control of $29 million award amount that Broadsheet won from the Government of.
VR Global Partners had claimed it provided funds to Broadsheet’s lawyers to finance arbitration proceedings against Pakistan at London High Court’s Financial Division
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.
UK-based Elementum Energy has started commercial operations at the 40MW Dnistrovska 1 wind farm in Ukraine. The project, which features 10 GE 137-4.0MW turbines on 131-metre towers, achieved mechanical completion in December 2020 and has now passed all necessary tests and protocols to enter into production. Dnistrovska was developed together with the American-founded renewable energy company Ukraine Power Resources. It cost €59m to build and is one of the largest foreign direct investment projects in the country. The wind farm is expected to generate 146 gigawatt-hours of electricity a year and avoid 108,000 tonnes of carbon dioxide emissions. Construction started in February 2020. Elementum Energy and Ukraine Power Resources are currently in the process of constructing a second, 60MW phase of Dnistrovska, which is expected to be commissioned in the first quarter of 2022.
VR Capital s Elementum Energy achieves commercial operation date for Dnistrovska wind farm 4 min read Kyiv, 6 May 2021 VR Capital Group is pleased to report the commencement of commercial operations at its 40 MW Dnistrovska wind park ( “Dnistrovska WP”). Having achieved mechanical completion in December 2020, with the installation of 10 x GE 137-4.0 MW wind turbines on 131 meter towers, the power plant has now passed all necessary tests and protocols to enter into production. The project was realised by VR Capital’s renewable energy subsidiary Elementum Energy together with the American developer Ukraine Power Resources. Dnistrovska WP sits on a plateau that rises above the Dnistrovska estuary in Ukraine’s Odessa region and benefits from an excellent wind resource. The project’s wind turbines are the largest capacity machines installed in Ukraine to date. With an investment of EUR 59 million, the wind farm is one of the largest FDI projects executed in Ukraine in 2020.
Funder lays claim to Broadsheet’s $29 million Pakistan award Top Story May 1, 2021 LONDON: The Broadsheet LLC is facing a legal claim from a Cayman Island hedge fund for almost the full amount of around $29 million award received from the Pakistan government. A court in the Isle of Man has prevented the Broadsheet liquidator from distributing monies to Broadsheet’s creditors unless a decision is made on the application by the funder, according to court papers reviewed by The News and Geo. The hedge fund had provided funds to Broadsheet’s lawyers to finance arbitration proceedings against Pakistan at London High Court’s Financial Division.