The court banned the investment fund VR Global Partners from levying $ 140 million in debt from Ukrzaliznytsia

Kiev Economic Court opened proceedings on the claim of Ukrzaliznytsia against Prominvestbank and VR Global Partners, L.R. (Cayman islands). The company is trying to invalidate the sale and purchase agreement of the right of claim dated 02.22.2019, reports Finbalance.

Ukrzaliznytsia calculates taxes

The court satisfied the statement of Ukrzaliznytsia to secure the claim in this case, informs Railway Supply magazine, citing Railinsider.

According to court materials, Ukrzaliznytsia substantiates its claim by the fact that in 2011-2021 Prominvestbank opened 8 credit lines for the South-Western Railway and one credit line for the Southern Railway. Earlier, the Supreme Court rejected the cassation appeal of JSC Ukrzaliznytsia against the decision of the Economic Court of Kiev and the decision of the Northern Commercial Court of Appeal on the transfer of credit agreements with UZ to VR Global Partners by Prominvestbank (Kiev).

Ukrzaliznytsia signed an agreement to renew its fleet of freight electric locomotives

In 2011-2012 several territorial divisions of Ukrzaliznytsia (including Southern Railway and South-Western Railway) received several credit lines from Prominvestbank for a total of more than $ 300 million. In November 2017, the Supreme Economic Court canceled the collection of $ 12.5 million in debt from Ukrzaliznytsia in favor of Prominvestbank.

Competitive selection of a candidate for the position of permanent chairman of the board of JSC “Ukrzaliznytsia”

In 2018, Prominvestbank filed a number of new lawsuits against Ukrzaliznytsia to collect debts totaling $ 157 million and UAH 1.5 billion.

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