The court canceled the recovery of 749 million from UZ on the debts of the Donetsk railway

The Supreme Court partially satisfied the cassation appeal of Ukrzaliznytsia and canceled the decision that satisfied the claim of Ukrtransleasing Leasing Company against Ukrzaliznytsia for the recovery of 749.2 million hryvnias of the debt of Donetsk Railways. “OLIGARCH” learned about this from their Finbalance messages. The Supreme Court referred the case for a new trial to the Economic Court of the Donetsk region, which, incl. must understand the arguments of Ukrzaliznytsia regarding the existence of grounds for applying the limitation period, as well as the fact that, as Ukrzaliznytsia notes, the acts of reconciliation of mutual settlements between Ukrtransleasing and Donetsk Railways were signed by the latter by an “unauthorized person” . According to the state register, Rinat Akhmetov controls 52.29% of the shares of Ukrtransleasing. Ukrzaliznytsia stated that it owns a 47.7% stake in Ukrtransleasing. We remind you that in June 2020, Ukrzaliznytsia announced that the Grand Chamber of the Supreme Court recognized it as the legal successor of the State Enterprise “Donetsk Railway” since 2015. As noted by UZ, this means that UZ will be obliged to pay off all the debts of the State Enterprise “Donetsk Railway”, without receiving a single property to the authorized capital. More than 20 thousand UZ freight cars, about 6 thousand cars of other owners, almost 6 thousand passenger cars and more than 300 locomotives remained in ORDLO. According to rough estimates, the amount of obligations of the State Enterprise “Donetsk Railway” to creditors exceeds UAH 6.5 billion.