Cargill lost in court in the case of the Delta

Cargill lost in court in the case of the Delta

29.01.2016 News

Cargill lost in court in the case of the Delta

The Cargill chances to prove the legitimacy of the withdrawal of assets from the Delta Bank in the amount of 2.5 billion USD are reducing.

Yesterday, the Supreme Commercial Court partially satisfied the cassation of the liquidator Delta Bank, canceled the previous court decisions on the loan company “Yablunevyi dar” and returned the case in the first instance, said the head of the Board of “Delta Bank depositors Union” Roman Badalis.

The court will have to determine on what basis the US company Cargill obtained rights to the loan of the “Yablunevyi dar” company. “Now will be dealt, whether all letters of credit, under which the loans were transferred from the Delta Bank to the Cargill company, what is the duration of their maturity and other conditions. Until now, the courts saw no reason to learn it “- said Roman Badalis.

It is about 17 letters of credit on the basis of which the Delta Bank has transferred to its shareholder, the Cargill Financial Services International Inc. company, rights of claim on loans to companies “Yablunevyi dar”, “Ilyichevsk grain port”, “Stroybud Illichivsk” and “Tank Trans”. The total amount of the loan portfolio is 2.5 billion UAH. In addition to Cargill the State Mortgage Institution (SMI) claims to these loans.

Delta Bank on September 4, 2014 signed a contract with SMI of the assignment loan of “Yablunevyi dar” for $ 43.4 million. And according to the agreement, the credit went to the SMI on the day of the introduction of temporary administration of Delta Bank on March 2, 2015. However, still the SMI can not defend the rights of the creditor, on December 10 Kyiv Commercial Court dismissed the claim.

Source: news.finance.ua

Other articles

  • Alibaba invests in the largest hypermarket operator in China
    News

    Alibaba invests in the largest hypermarket operator in China

    The largest Chinese Internet company Alibaba Group Holding Ltd. will acquire from Auchan Retail International shares of the largest Chinese hypermarket operator Sun Art Retail Group for $ 3.6 billion, according to the press release from Alibaba. “Alibaba is investing $ 28 billion ($ 3.6 billion) to acquire … 70.94% of Auchan Retail’s stake in […]

  • LVMH`s revenue for the nine months fell by 21%
    News

    LVMH`s revenue for the nine months fell by 21%

    Revenue of French LVMH Moet Hennessy – Louis Vuitton for the first three quarters of this year fell by 21% year on year and amounted to 30.348 billion euros, according to the company’s report. The strongest decline in revenue in this period was recorded in the section “selective retail trade” and “watches and jewelry” – […]

  • NASA has signed the contract with Nokia to launch 4G on the moon
    News

    NASA has signed the contract with Nokia to launch 4G on the moon

    NASA has provided to Nokia with $ 14.1 million to deploy 4G (LTE) network on the moon. The US space agency noted that telecommunications networks of this standard will be able to provide more reliable than radio signals, communication on the Earth’s satellite, where it is planned to build the lunar base by 2028. NASA […]

  • Ministry of Health: medication from COVID-19 are already being transported to Ukraine
    News

    Ministry of Health: medication from COVID-19 are already being transported to Ukraine

    Chief State Sanitary Doctor, Viktor Liashko, said that the drug “Remdesivir”, which was planned to treat patients from the coronavirus, have already been purchased, and the party is taken to Ukraine. He said the news in the interview with Radio Svoboda on Sunday, October 18. “And now it is being transported to the territory of […]

  • Poland postponed the beginning of the exploration of gas in Ukraine
    News

    Poland postponed the beginning of the exploration of gas in Ukraine

    Polish oil and gas company PGNiG has postponed the start of gas exploration in Ukraine to the first half of 2021, said the head of the company Jerzy Kwentczycki. “PGNiG also intends to participate more actively in projects related to hydrocarbon production in Ukraine. The company plans to start exploring of the natural gas in […]

  • Robot has learned how to cook 19 dishes and will replace some of the staff in the kitchen
    News

    Robot has learned how to cook 19 dishes and will replace some of the staff in the kitchen

    The robotics company Miso Robotics has launched the robot Flippy, which is able to replace part of the staff in the kitchen of the restaurant. “Flippy goes on sale in the midst of the pandemic and supports the cooking of 19 different dishes, including fries and burgers made of the artificial meat of the Impossible […]

  • Ukrainian banks for three months closed 250 branches
    News

    Ukrainian banks for three months closed 250 branches

    In July-September 2020, Ukrainian banks closed 251of the structural subdivisions, reducing the regional network to 7329 branches by October 1. This is stated in the data of the National Bank. Most branches in the third quarter were closed by the state Oschadbank – 166, reducing its total number to 1931. During the same period, the […]

  • In Japan reported about cyberattacks on the vaccine developers
    News

    In Japan reported about cyberattacks on the vaccine developers

    Since April of this year, Japanese companies and organizations involved in the development of the vaccines that protect against coronavirus infection, periodically experience cyber-attacks. This was announced on Monday, October 19, by Kyodo news agency, with the reference to the experts of the American company CrowdStrike, engaged in the cybersecurity. According to experts of the […]

Read also

Cargill lost in court in the case of the Delta
News

US companies plan to reduce the office space

More than the half of the American companies plan to reduce their office space because of the remote work will become a common option even after the end of the COVID-19 pandemic. This was reported by the Bloomberg, citing to the study by Cisco Systems. Agency interviewed 1,569 business leaders, employees of companies responsible for […]

Next
Cargill lost in court in the case of the Delta
News

The Security Service of Ukraine disclosed the company that tried to assign 37 million UAH from Agrarian Fund

The Security Service of Ukraine (SSU) has disclosed the company in Rivne region, which was trying to assign means of “Agrarian Fund”, PJSC, said the SSU press-center. According to the report, “Agrarian Fund”, PJSC has concluded the exchange transaction with a private company for the supply of 16 thousand tonnes of wheat worth over 67 […]

Next
Cargill lost in court in the case of the Delta
News

Ukrainian Energy Week will be held on November 19-21 in Kyiv

From November 19 to 21, 2018, the key event of the year in the Ukrainian energy sector, the Ukrainian Energy Week ’18, will take place in the NSC “Olimpiyskiy”. Here will meet the most influential representatives of national and foreign companies, which will turn the location into a central place for B2B and B2C communications […]

Next
Cargill lost in court in the case of the Delta
News

FIS Integrates into Visa B2B Connect Platform

Participating FIS client banks will be able to send and receive large-ticket international corporate payments quickly and securely KYIV – May 15, 2019 – Visa Inc. (NYSE:V) and FIS are joining forces to enable FIS’ commercial financial institution clients to quickly and securely access the Visa B2B Connect platform globally*. Visa B2B Connect will be […]

Next
Cargill lost in court in the case of the Delta
News

Apple lost a day capitalization of $ 180 billion

During trading on Thursday, Apple’s market of the capitalization fell by 8%, which means a loss of almost $ 180 billion. This is a record daily cost reduction for any company in the history of the American market. However, Apple’s capitalization still significantly exceeds of $ 2 trillion. Excluding 2020, the previous anti-record was set […]

Next
Cargill lost in court in the case of the Delta
News

Bank of Japan will conduct the tests of digital currency

The Bank of Japan has announced plans to begin experimenting with the digital currency early next fiscal year. At the first stage, it is planned to test the main functions of the digital currency, including the methods of its issuance and circulation. The second stage involves additional technical experiments. The Bank of Japan may then […]

Next
Cargill lost in court in the case of the Delta
News

Austrian investment banker buys 65,7% of Investbank shares

Uwe Christian Eschner, the Austrian investment banker intends to take 65,749% of Investbank shares (Odessa). The National commission on securities and the stock market (NCSSM) financial institution in the system of the information disclosure provided information about it. Particularly, Eschner intends to take 45 550 625 bank shares with the nominal value of 58,3 million […]

Next
Cargill lost in court in the case of the Delta
Analytics

Investment flows of Ukraine

Unfortunately, most businesses in our country learn about foreign investments from the media but not directly from their own production facilities. Despite the recent positive changes in the state, we still can’t talk about a high or at least a satisfactory level of foreign direct investment in the Ukrainian economy. FOREIGN DIRECT INVESTMENT According to […]

Next
Cargill lost in court in the case of the Delta
News

The United States has allowed Amazon to deliver parcels by drone pilots

The American corporation Amazon has received permission from the Federal Aviation Administration of the United States to use drones to deliver cargo. This was reported by TASS. As reported, on August 29, management allowed the “use of unmanned aerial systems” service Prime Air, owned by Amazon. The relevant inquiry Corporation sent in 2019. Representatives of […]

Next
Cargill lost in court in the case of the Delta
News

PwC provides the USEP Ukrposhta audit

According to Interfax-Ukraine, PricewaterhouseCoopers (PwC) has won the tender for carrying out USEP Ukrposhta financial and economic activities audit for 2015-2016 in the amount of 5, 79 million UAH. The press-service of USEP Ukrposhta admitted: “Within corporatisation process in USEP Ukrposhta, it is necessary evaluating a property and own property rights for forming of the […]

Next
Cargill lost in court in the case of the Delta
News

Financial conglomerate JP Morgan Chase will pay $ 307 million fine to regulators

JP Morgan Chase will pay $ 307 million as a fine to regulatory authorities. The reason of such decision of the regulators  is that the bank did not disclose the information about conflicts of interests  to investors in the implementation  of its own advertising investment products to clients. Based on the date of the Securities […]

Next
Cargill lost in court in the case of the Delta
Analytics

After Trump’s winning Dow Jones index fell by 650 points

The victory of the candidate from the Republicans in the USA President elections stirred up not only the global political community but the US stock market too. According to Bloomberg analytical bureau, Hillary Clinton’s loss has hit the financial condition of 500 richest people in the world. In particular, analysts say that after the announcement of the race […]

Next
Cargill lost in court in the case of the Delta
News

Investors lodged a class action complaint against Facebook

Recently, a federal court  of the USA  has received several class lawsuits where the world’s most popular social networking site Facebook is a defendant. The plaintiffs in the case are large investors of Facebook. The global network Facebook is accused by investors that it  has not notified them of the risks and concerns that relate […]

Next
Cargill lost in court in the case of the Delta
News

The Vaccine From Pfizer and BioNTech Receives Status “Accelerated” From The Regulatory Authorities

Pfizer and BioNTech shares rose sharply on Monday by 4% and 10%, respectively. This happened after the US Food and Drug Administration (FDA) assigned an “accelerated” status to their two COVID-19 potential vaccines. Although the companies have not yet completed the final tests and have not received approval for the production and sale of their […]

Next
Cargill lost in court in the case of the Delta
News

The largest producer of tomato paste will build a plant for $ 50 million

The  Agrofusion agribusiness holding intends to invest $ 50 million in building a plant for processing tomatoes in the Mykolaiv region. This is stated in a message on the site of the Mykolayiv Regional State Administration. “The Agrofusion Company begins construction of a new plant for processing tomatoes in Snigirevskyi district, which will be the largest […]

Next
Cargill lost in court in the case of the Delta
News

In Japan reported about cyberattacks on the vaccine developers

Since April of this year, Japanese companies and organizations involved in the development of the vaccines that protect against coronavirus infection, periodically experience cyber-attacks. This was announced on Monday, October 19, by Kyodo news agency, with the reference to the experts of the American company CrowdStrike, engaged in the cybersecurity. According to experts of the […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com