The Supreme Court re-arrested Firtash's chemical plant
The Supreme Court resumed the seizure of all movable and immovable property of the Rovnoazot enterprise, a PolitNavigator correspondent reports.
This was reported by Finbalance.
It is noted that the court partially satisfied the cassation appeal of Prominvestbank, canceling the decisions of the courts of previous instances.
In addition to the property, the court also resumed the seizure of the plant’s accounts in the Clearing House and Alliance banks.
Let us recall that the assets of Rovnoazot were arrested in October and November 2018 as part of a legal dispute with Prominvestbank. The bank, through the court, demanded to recover $49,6 million in debt from the company, as a guarantor for the Severodonetsk Azot Association (both enterprises are part of Firtash’s Ostchem structure).
In December 2018, the Economic Court of the Volyn Region granted Rivneazot a deferment to repay the debt to the bank until March 18, 2019.
Then the company stated that it was on the verge of bankruptcy and did not have the money to pay the bank $49,6 million.
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