Date: 3 months ago   Category: Economy

The court released property of Prominvestbank


The Kiev Court of Appeal released property of Prominvestbank which was imposed within the decision of Court of Appeal of Kiev of September 5, 2018.

reported about it the press service of bank. on December 4 the court satisfied with

the complaint of Prominvestbank, having recognized as illegal actions and repealed the resolution of the private performer of the executive district of Kiev of September 20 on opening of enforcement proceeding on compulsory execution of the decision of Court of Appeal of September 5 on the statement of LLC Privatofis, - it is said in the statement.

Subsequently, on December 6, is satisfied with the same court the complaint of Prominvestbank, the resolution of the private performer is repealed and it is released property of bank. we Will remind

, the Court of Appeal of Kiev arrested on September 5 on the stock of Ukrainian "subsidiaries" of the Russian banks with participation of the state: VTB, Prominvestbank and Sberbank. The Court of Appeal of Kiev decided that in the territory of Ukraine there is a property which belongs to the Russian Federation and on which collecting can be turned. Besides arrest of shares of the banks with the Russian capital, the court forbade banks to carry out elimination or reorganization of the legal person and also to carry out any actions directed to sale of the belonging property.

the Hague arbitration awarded to claimants totally about $130.5 million compensation for the real estate, $9.2 million compensation for expenses for trial and also percent for the specified sums at the rate of 12 months of LIBOR of 1% of difficult percent annually. The specified trial was initiated by claimants against the Russian Federation on June 19, 2015 on the basis of the agreement between the Governments of the Russian Federation and Ukraine of November 27, 1998 about protection of investments of the Russian-Ukrainian bilateral investment contract (BIC) and according to regulations of UNCITRAL.

Claimants claimed that the Russian Federation violated the obligations by acceptance since August, 2014 of measures which interfered with their investments into the real estate objects which are in the Crimea and eventually led to expropriation of these investments. Among claimants there are, in particular, companies "Aerobud", "Crimea Development", "Niva-tur", "UBK-Invest", "Edelveys-2000", state of emergency "Planet", Privatofis, Privatlend, "Dan Panorama", "Sanatorium the Power engineering specialist", KUA "Financial Capital" and KUA "Financial Vector".

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