The Stockholm arbitration prohibited the OPP to alienate non-current assets

The Stockholm arbitration prohibited the OPP to alienate non-current assets

05.04.2016 News

The Stockholm arbitration prohibited the OPP to alienate non-current assetsThe Stockholm arbitration prohibited the  “Odessa Portside Plant”, PJSC to alienate non-current assets, according to the press-service of Group DF.

“March 31, 2016  the Stockholm arbitration satisfied the request of the  Ostchem Holding Ltd (included in Group DF) and ordered the OPP  till August 31, 2016 to refrain from alienation or encumbrance in any way methods of its non-current assets”, – said in a statement.

As noted in the press-service, the Ostchem appealed to arbitration with a corresponding request to protect their rights in relation to OPPs debt (including the planned privatization of the enterprise).

“The sole purpose of the Ostchem in  applying for arbitration is to return  debt of the OPP for the gas. The amount of formed almost 3 years ago debt of the OPP debt to the Ostchem (excluding fines, penalties and other losses) is $ 193 million”, – sums up the press-service.

As reported, the State Property Fund (SPF) of Ukraine intends to announce an auction on privatization of the “Odessa Port Plant”, PJSC in the second half of May and hold it in June.

The “Odessa Portside Plant”, JSC (OPP) is one of the largest enterprises of chemical industry in Ukraine.

The OPP specializes in the production of ammonia, urea, liquid nitrogen, carbon dioxide, liquid oxygen, sodium sulphate. It is also engaged in an overload of chemicals entering from CIS countries for export (a monopoly on the Ukrainian market for the reception, cooling and transshipment of ammonia).

Source: interfax.com.ua

Other articles

  • Nvidia’s merger agreement with Arm could take more than two years because of China
    News

    Nvidia’s merger agreement with Arm could take more than two years because of China

    It may take Nvidia twice as long to get approval for its deal to buy Britain’s largest technology company, Arm Holdings, which is owned by Japanese financial conglomerate SoftBank Group. After the companies announced a $ 40 billion deal last September, the first hurdle was a class action lawsuit from Google, Qualcomm and Microsoft, which […]

  • Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour
    News

    Tesla has introduced its fastest electric car. The maximum speed of the Model S Plaid exceeds 320 km per hour

    The American company Tesla demonstrated on Thursday in Fremont (California) its new electric car Model S Plaid. The presentation, led by Tesla Chairman Elon Musk, was broadcast on the company’s website. According to the businessman, critics have previously pointed out that the updated version of the Model S car will be “insanely fast”, and expressed […]

  • Pfizer may request approval for COVID-19 at the end of the year
    News

    Pfizer may request approval for COVID-19 at the end of the year

    The American pharmaceutical company Pfizer may apply for permission to use its oral drug for the treatment of COVID-19, at the end of this year. This was announced on Thursday by the Chairman of the Board and Chief Executive Officer of Pfizer Albert Burla. “In addition, our scientists are developing an oral drug to treat […]

  • Ukraine’s economic downturn has slowed sharply
    News

    Ukraine’s economic downturn has slowed sharply

    The downturn in Ukraine’s economy in the first four months of 2021 slowed to 0.2%, according to a preliminary estimate by the Ministry of Economy. “The Ministry of Economy estimates a slight reduction in GDP at 0.2% (down 2% in the first quarter of 2021 by 4.9% over the four months of 2020),” the statement […]

  • Naftogaz commented on the searches
    News

    Naftogaz commented on the searches

    During a visit to Washington, the head of Naftogaz Yuri Vitrenko commented on searches of the company in the case of non-payment of VAT for 2.7 billion hryvnias for Russian gas. “On the one hand, the State Fiscal Service constantly checks Naftogaz. That is, there is nothing surprising in the fact that there is another […]

  • Millions of Volkswagen customers have been affected by the data leak
    News

    Millions of Volkswagen customers have been affected by the data leak

    The American division of the automaker Volkswagen AG reported a data leak, which affected more than 3.3 million customers and potential buyers in North America. Reuters with reference to the Volkswagen Group of America reported this. “The leak occurred after one of the company’s suppliers in the period between August 2019 and May 2021 left […]

  • The world’s first country legalized bitcoin as a means of payment
    News

    The world’s first country legalized bitcoin as a means of payment

    El Salvador was the first in the world to legalize bitcoin as an official means of payment. Such a law was passed by the country’s parliament. 62 parliamentarians supported the bill, 19 voted against, and three abstained. President Nayib Bukele intends to sign the law soon, after which it will take effect “immediately”. Thus, accepting […]

  • Pfizer has begun testing the COVID vaccine on children under 12 years of age
    News

    Pfizer has begun testing the COVID vaccine on children under 12 years of age

    Pfizer will test its COVID vaccine in children under 12 years of age. Radio Svoboda reported this with reference to the company’s statement. The study will involve up to 4,500 children in the United States, Finland, Poland and Spain. The drug is already approved for use in emergencies for adolescents 12 years and older in […]

Read also

The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Information on the COVID-2019 quarantine

An emergency situation due to the coronavirus has been declared in Ukraine. Probably a lot of people still do not have a full understanding of what it is and what restrictions have been imposed for the society and business. We asked S&P Investment Risk Management Agency to explain everything in detail. All the details are […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

In Ukraine will be produced of up to 50 medicine products from India

At the pharmaceutical plant “Kusum Pharm” in Sumy by the end of 2019 the production will be doubled, which will allow to produce up to 50 new names of drugs. This will be possible thanks to the implementation of the import substitution program. This was told reporters co-founder and CEO Rajeev Gupta, during an official […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Shell to invest in the Brazilian project in the nearest future

The Royal Dutch Shell declared their intention to invest about $10 billion in the development of the Brazilian business. The project has been calculated for 5 years. The annual volume of investment will reach 2 billion dollars. The representative office of Shell in the territory of South America includes network of the “5500 gas stations”companies. […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Shares of Zoom and other IT companies crashed on news of successful testing of the vaccine from COVID-19

Shares of Zoom and other companies, which rose amid the pandemic and lockdown, fell in trading on Monday. The reason was the announcement of two biotechnology companies about the successful testing of a promising vaccine, writes CNBC. Shares of the Zoom video conferencing service fell 17.4% by the end of the trading day. Amazon and […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Amazon has introduced the new payment system of the purchases

The company Amazon announced the launch of a new biometric technology Amazon One, allowing to customers to enter the store and pay for purchases by placing their palm on the scanner. However, users must first associate biometric information with the credit card. And then you can pay by placing the palm. This was reported by […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Ukrainian banks have a right to open accounts in Iran

According to Finance.ua, there is a good opportunity to extend the limits of Ukrainian financing system. The Ukrainian government provision has come into force.  The financial transaction sanctions with Iran banks were  cancelled by the resolution of the Ukrainian government. Oleh Churyi, the deputy head of NBU, admitted that National Bank of Ukraine would implement […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

PayPal company has announced the “strongest quarter” in its history

Shares of PayPal, increased up to 70.7% since the beginning of the year, continued to rise after the announcement of the financial results of the 2nd quarter which ended on June 30. This is not surprising given the growth of digital payments against the background of the global pandemic COVID-19. “The world has moved into […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

For what the companies of ex-Minister of ecology of Ukraine will pay fine?

Former Minister of Environment of Ukraine Mykola Zlochevskyi involved in the imposition of a fine, which is the Antimonopoly Committee of Ukraine filed on its affiliates due to the acquisition of control over the company Kub-Gas without permission to do it by ACU. The amount of punishment is 3.12 million UAH. The above information has […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

The court suspended the ACU’s decision to seize the accounts of tobacco companies

The Commercial Court of Kyiv suspended the decision of the Antimonopoly Committee, which seized the accounts of tobacco companies as part of a forced fine of UAH 6.5 billion. “The court rejected their request. We welcome this decision, since the arrest of accounts could endanger the normal functioning of large companies and negatively affect tax […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

China Companies decide to build a solar power in Chernobyl

According to an information of Reuters, Two large Chinese companies plan to construct a solar power station with a capacity of 1 gigawatt in the Chernobyl . For project implementation, the GCL System Integration Technology company intends to get a business  with the China National Complete Engineering Corporation (CNCEC). CNCEC was founded in 1985. in […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Life announced the rebranding

The “Astelit” company in the near future will carry out the rebranding of mobile operator life. It is not just about changing the symbols and corporate colors, but also to change the name: new brand can get a name ‘lifecell’ similar to the parent company Turkcell. As well as the logo symbol of the Turkish […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Danone launched a new production

“Danone Ukraine” Company has launched a new production facility for the manufacture of milk food for babies of TM “Tema” at the state milk plant in Kremenchug. This was said to AgroPortal.ua by the press-service of the company. Investments amounted to 200 million UAH and the production capacity estimates at 700 tons per month, or […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Pornhub presented a festive collection of merchandise

Pornhub has released the Christmas mercury collection XXXMas Collection. The company posted information about the holiday range on its website. The collection includes Christmas sweaters made of acrylic yarn in three colors: branded black and orange, red and white and green. Also on the site you can buy a hat, scarf, pants with the Pornhub […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

The National Commission of state regulation of the financial services market

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 […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

Now You Can Improve Your Chances to Open a Successful Trade

Your approach to trading matters. There are times when your trades have more chances to succeed. Try to build your trading plan around the periods with the highest liquidity and make sure to avoid the market in most dangerous times. The Most Suitable Periods Your ability to open and close trades at the best price […]

Next
The Stockholm arbitration prohibited the OPP to alienate non-current assets
News

TAS Group buys Aegon Life Ukraine

The Ukrainian insurance company TAS Group, belonging to Sergey Tigipko,has absorbed the Netherlands private joint-stock company Aegon Life Ukraine which management made the decision to abandon the Ukrainian market. For shareholders of Aegon Life Ukraine 2015, it has ended with the net loss in the amount of 3,6 million hryvnias. Total receivables of insurers from […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com