The Kyiv Court of Appeal denied to Russia’s Vnesheconombank (VEB) in recognition of the decision of the arbitrator of the Arbitration Institute of the Stockholm Chamber of Commerce, which, at the request of VEB, the Ministry of Justice of Ukraine was obliged to stop the forced sale of 99.77% of Prominvestbank shares.
The court agreed with the Ministry of Justice’s argument, that the decision of the arbitrator was made by the dispute, which does not fall under the terms of the arbitration agreement, which means that “the arbitrator did not have jurisdiction to rule against Ukraine in this case.”
The court also stressed that “the state of Ukraine was deprived of the opportunity to state its position in detail in the case for reasons beyond its control.” Herewith recognition and execution of the arbitrator’s decision contradicts the public order of Ukraine.
Vegetable fats have been repeatedly found in butter produced in the SE “Starokonstantinovsky dairy factory”. This is confirmed by the state of research in 2012-2014. The Antimonopoly Committee has fined SE “Starokonstantinovsky Dairy Plant”, which belongs to the largest Ukrainian manufacturers, the Ukrproduct Group company. The fine amounts to 790.3 thousand UAH. This was reported […]
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Director of the Regional Office of the World Health Organization Hans Kluge expressed doubts about the effectiveness of vaccines COVID-19. He believes that it will not put the end to the pandemic coronavirus. This was reported by the Daily Star. I keep hearing, “The vaccine will end the pandemic.” No! We don’t even know if […]
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The Supreme Commercial Court of Ukraine overturned the decision on the recovery of a fine in the amount of 72.7 million UAH to PJSC Arcelor Mittal Kryvyi Rih. This information was reported by the representatives of the Ukrainian industrial complex on December 20th. According to a statement, prosecutors claim was rejected, and the previous decision […]
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The Ministry of Agrarian Policy and Food of Ukraine has assigned four HarvEast dairy farms a status of the breeding farm. This entitles the company to engage in breeding purebred cows of the Holstein breed to ensure their own needs and the sale of breeding animals. This was said in a statement of the company. […]
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Starbucks reported its biggest profit of all time in the UK, and it can serve as a long-term completion of a tax dispute with the British government. After the company was involved in a major tax scandal in 2012, when it was accused of tax evasion, Starbucks paid UK a large sum of income tax […]
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Sergey Kasyanov gave a controlling stake in the agricultural holding KSG Agro Swiss to the OLBIS company. Previously, CD Investments SA company owned the64.62% shares of the company. ICD Investments SA Holding Company (Switzerland) has transferred 64.62% stake of the agro-industrial company KSG Agro (Dnipropetrivsk region) to the OLBIS. This is stated in the message […]
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Huawei Technologies Co. Ltd. is going to open the department in Ukraine. The representatives of Ukrainian delegation who had visited the Eastern country with diplomatic purpose informed about it. The parties have discussed the perspectives of countries cooperation in the sphere of economy and business. The main thing was R&D centre and laboratory opening on the […]
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The state owned enterprise Artemsol plans to open logistics centers in Europe, which will give an opportunity to take new markets and increase the volume of sales of products, says the press-service of the enterprise. “We plan to open logistics centers in Ukraine and in Europe. This will solve the problem of deiveries from the […]
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As Interfax-Ukraine reports, the Administrative court rejected the claim of the International Airline Company of Ukraine (IAU) for the charge of the collection in specialised state fund of aviation activities expenses financing. On November 9, 2016, the court made the decision on materials of the state register of judgments which were published on its official […]
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The German Siemens AG corporation reported about the acquisition of the American producer Mentor Graphics. The transaction is estimated at $4,5 billion: the price of one share constitutes $37,25. Mentor Graphics main activities are: designing of cable systems, printed circuit boards, functional verification, development of the built-in software etc. The company merger is directed, first […]
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Businessmen from Saudi Arabia are planning to invest $ 10.5 billion in the agricultural sector of Ukraine. This writes the “Novoe Vremya”, with reference to the Saudi newspaper Al-Watan. According to the report, a statement was made after the talks of the Ukrainian Ambassador in Saudi Arabia Vadim Vakhrushev with 25 Saudi businessmen. The meeting […]
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Online resource Entrepreneur has published interesting and instructive stories from the lives of American and Canadian founders of the business in which they share the lessons they got from the worse mentors in their life Be a mentor Name: Melissa Ben-Ishay, Company: Baked By Melissa Lesson: The importance of open communication. When I think of the […]
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S&P Investment Risk Management Agency launched a legal portal Lawyer.ua 5 years ago. It was designed as an innovative online-platform for lawyers’ communication and for all who needed legal assistance. Experts now can effectively provide legal services in personal online-cabinets while clients can get qualified legal assistance promptly. Today, Lawyer.ua has grown into a large-scale […]
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According to Interfax-Ukraine, Volodymyr Groysman met with Don Grantham yesterday. The Prime Minister of Ukraine discussed with Microsoft Central & Western Europe President the possibility of using modern technologies in the process of implementing reforms in Ukraine. Groysman said that Ukraine was hard up in technologies decisions. The authority is ready to cooperate with the […]
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Chinese internet giant Tencent Holdings has made an offer to buy Leyou Technologies Holdings, which estimates this video game developer at 11.61 billion Hong Kong dollars ($ 1.5 billion), writes The Wall Street Journal. Tencent plans to pay for the full transaction with money, without attracting outside funding, and is willing to pay $ 3.3219 […]
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The National Commission, carrying out state regulation of the financial services market by its order №1467 agreed to increase participation by Allianz Holding eins GMBH (Austria) in ODO «Allianz Ukraine” (Kiev) to 99.999% by direct acquisition of 99.978% from its share capital. As reported, at the beginning of this year, the National Commission, carrying out […]
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