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

  • Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA
    News

    Radisson Hotel Group strengthens its extended stay value proposition and ambitiously grows its serviced apartments portfolio across EMEA

    Radisson Hotel Group has plans to more than double its serviced apartments portfolio within the next 5 years across EMEA. Today, serviced apartments represent around 10% of the Group’s EMEA portfolio with 45 properties and more than 5,400 units in operation and under development. Radisson Hotel Group operates its serviced apartments as a stand-alone or […]

  • Uber stops developing a car without a driver
    News

    Uber stops developing a car without a driver

    On Monday, December 7, Uber and startup Aurora Technologies announced an agreement under which Aurora will take over Uber’s Advanced Technologies Group, which has been developing self-governing cars. Under the terms of the agreement, Uber will receive $ 400 million, 26% of Aurora shares, and the general director of the taxi service, Dara Khosrowshahi, will […]

  • Tesla will sell shares for $ 5 billion
    News

    Tesla will sell shares for $ 5 billion

    Electric car maker Tesla has agreed with brokerage companies to sell its shares for a total of $ 5 billion. This was reported by Bloomberg, citing documents submitted to the US Securities and Exchange Commission (SEC). The shares will be sold at the market price. This is the third sale of Tesla shares in 2020. […]

  • The first batch of Pfizer COVID vaccine has arrived in Israel
    News

    The first batch of Pfizer COVID vaccine has arrived in Israel

    The first batch of Pfizer coronavirus vaccine has been delivered to Israel. This was reported by The Jerusalem Post on Wednesday, December 9. “A DHL flight from Brussels carried more than 100,000 doses of the newly created vaccine and landed at Ben Gurion Airport in Tel Aviv around 9 a.m.,” the statement said. The doses […]

  • Exxon Mobil announces record depreciation of its gas assets by $ 20 billion
    News

    Exxon Mobil announces record depreciation of its gas assets by $ 20 billion

    The American oil and gas giant Exxon Mobil had one of the worst years in its history. Exxon shares have fallen by 45.36% since the beginning of 2020. The company has lost money for three quarters in a row, and in August they were excluded from the benchmark index of “blue chips” Dow Jones Industrial […]

  • Pfizer will deliver half of the planned number of vaccines in 2020
    News

    Pfizer will deliver half of the planned number of vaccines in 2020

    Shares of Pfizer and BioNTech fell 1.74% and 2% (respectively) on Thursday amid news that companies will deliver half of their planned number of vaccines against COVID-19 in 2020. On November 20, Pfizer and its German partner BioNTech applied to the FDA (US Food and Drug Administration) for permission to use their vaccine in an […]

  • JD.com will be the first platform to accept China’s cryptocurrency
    News

    JD.com will be the first platform to accept China’s cryptocurrency

    Chinese e-commerce company JD.com Inc announced on Saturday that it will be the first platform in the country to accept China’s digital currency. The Central Bank of China will hold its second digital yuan lottery among citizens of Suzhou, near Shanghai on Friday. The total amount of playable digital yuan is 20 million ($ 3.06 […]

Read also

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

Opened business is the way to overcome financial crimes

It is widely known that in the modern world entities are created to do business lawfully. Now it is convenient not only to active entrepreneurs, but to active violators of the law who successfully hide their antics in large corporations. In different countries are increasingly progressing practice of money laundering, tax evasion and other financial […]

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

Deutsche Bank explained the abnormal demand for bitcoin

Abnormal growth in the value of bitcoin and sharp demand for it is due to the desire of investors to protect their savings from inflation, according to analysts at investment bank Deutsche Bank. Printing machines in the US and the EU will very quickly fill the economy with cheap money, with growing problems in the […]

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

2015 was the record year in terms of transactions in mergers and acquisitions

Every day there is a new information about the latest merger / acquisition among large enterprises. As a result of these major agreements, the price of which often amounts to billions of dollars, new company giants appeared in the world market. Moreover, agreements on mergers / acquisitions are active in all areas of business – […]

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

Tokyo Stock Exchange interrupted work due to the technical problems

Technical failure occurred on the Tokyo Stock Exchange, due to which the trading was suspended. This is stated in the statement by Japan Exchange Group, which owns the exchange. “Trading of all shares on the Tokyo Stock Exchange has been suspended due to the failures related to the delivery of the market information, ” – […]

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

Billionaire Carl Icahn buys a large auto parts retailer Pep Boys for $ 900 million

Billionaire investor Carl Icahn made a statement that he is ready to pay for the purchase of the American company of automotive components production Pep Boys – Manny Moe & Jack $ 900 million, that is about $ 16.5 per share. Such a proposal of Icahn will prevent global acquisition  by Japanese corporation Bridgestone, which […]

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

Ukrainian restaurateurs sue for Oliva trademark

Ukrainian restaurateurs cannot share the trademark Oliva. The former partners, Dmitry Plyatsuk the owner of marks Viva Oliva and Yuriy Kolesnik he owner of Oliva served counterclaims to revoke the trademark of the competitor. January, 20 Solomenskiy District Court of Kiev will consider the claim of Viva Oliva to the Ukrainian Institute of Intellectual Property […]

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

PayPal has expanded its cryptocurrency service to all US users

PayPal Holdings has fulfilled its promise made last month by making its PayPal Cryptocurrency application available to all registered users in the United States. On October 21, the service was launched in test mode for a limited number of users. Commenting on the November 2 financial report, PayPal CEO Dan Shulman said that only 10% […]

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

Politics and taxes: how Trump’s win to change USA tax system

The world has heard  enough discussions which concern the resonance Donald Trump’s win in the USA elections.  Everyone has the right to express their position. America  has done their choice. Now, when the post-electorial   ethereal has gone, it is the high time to speak constructively. Benjamin Franklin, one of the founders of American Constitution,   declared: […]

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

Shares of Kodak decreased by 43% due to freezing of credit for $ 765 million

Kodak’s shares fell by 42.87% to $ 8.50 per share at the opening of trading of US, after which paper trading was temporarily suspended. According to the New York Stock Exchange, the decline in shares slowed to 33%. Quotes fell after the announcement of the termination of the loan agreement for Kodak for $ 765 […]

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

There will not be enough vaccines for all EU citizens in 2021

Next year, only a small proportion of people in the European Union will be able to get the coronavirus vaccine. Officials in European countries have not yet decided on the vaccination of citizens. This was announced by Reuters on Tuesday, October 27. “By the end of 2021, there will not be enough doses of the […]

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

Wizz Air has threatened to close its branch in Kiev

The management of the Hungarian airline Wizz Air will close a branch in Kyiv, that has three passenger liners, if its employees do not agree to stop the union. This is stated in the statement of the European Transport Workers Federation ETF. According to the statment, the conflict began after the decision of Wizz Air […]

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

PrivatBank sued Kolomoisky for a billion

The court satisfied the claim of the state-owned PrivatBank to Agroterminal and decided to collect UAH 1 billion in debt from it as a guarantor of Boryvazh. This is stated in the decision of the Commercial Court of Odessa region. According to court materials, PrivatBank terminated the loan agreement due to the debtor’s breach of […]

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

Uber reported a drop in the number of trips, but doubling food delivery orders Eats

Shares of Uber, which rose on 16.7% since the beginning of the year, fell 2.65% after the close of trading on Thursday, in response to the results of the second quarter. Uber management called the quarter “the hardest in history”, given the sharp drop in passenger traffic due to the COVID-19 pandemic. At the same […]

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

PJSC Chernihiv car will resume full operation in 2017

Etalon Corporation will restore the job of Chernihiv mechanical engineering complex in 2017. This writes the Interfax Ukraine referring to the statement by President of the Company Volodymyr Butko. According to the original source, the resumption of production is scheduled for January next year. Also it is planned to manufacture machinery for about 25 units […]

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

Ukrsotsbank initiated a criminal case against agro-industrial holding “Creative”

“Ukrsotsbank” obtained the criminal case against the “Creative”, –  reported Finclab. In “Ukrsotsbank” commented that on January 14, 2016 by investigators of the National Police was opened a criminal case (№12016100000000014, Article 191 part 5) on the fact of abuse of office and embezzlement of “Ukrsotsbank” in large-scale by employees of agricultural holding “Creative”. According […]

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

The court ordered Kyivprastrans to pay to the Lviv Bus Plant 118 million UAH

Lviv Bus Plant  (LAZ)  won the case from the communal enterprise Kyivpastrans in payment for delivering to the communal enterprise trolleybuses for over 118 million UAH in 2012. On March 16, the Kiev Commercial Court ordered the Kievprastrans  to pay Lviv Bus Plant (LAZ) Ltd. more than 118 million UAH for the delivered trolley buses, […]

Next
WP2Social Auto Publish Powered By : XYZScripts.com