The Supreme court of Ukraine of 30 August, decided to stop the execution of the decision of Economic court of Kiev from August 17, according to which was opened enforcement proceedings and the arrest of the accounts of JSC "Ukrgasdobycha", which blocked its activities.

The Supreme court ordered to cancel the arrest of accounts of the subsidiary

This reports the press service of the company, reports Biznestsentr.

"Despite this Supreme Court ruling and the fact that on 31 August the lawyers of the subsidiary has submitted to the Department of state Executive service (GIS) of the Ministry of justice of Ukraine all the necessary documents for cancellation of enforcement, Executive action to implement the decision of Economic court of Kiev state enforcement has not been stopped", – underline in the company.

The decree on the implementation of the decision of Economic court of Kiev was issued on the 16th of August, and the next morning, August 17, bailiffs opened enforcement proceedings and seized the cash at the accounts of JSC "Ukrgasdobycha."

The company insists on the immediate execution of the decision of the Supreme Court and, accordingly, stop the execution actions for execution of the decision of Economic court of Kiev on 17 August," – said in the message.

See also: the Stockholm arbitration court to terminate the contract of the subsidiary with the "Carpathiana"

As reported, on 20 August the company said its accounts were arrested by Executive service within the debt recovery joint activity agreement with OOO "Carpathes" and Misen Energy. Debt is trying to recover, "Center of financial leasing" (formerly "Sberbank Leasing Ukraine").

Recall that in early July after a lengthy trial, the Arbitration Institute of the Stockholm chamber of Commerce adopted a partial solution (partial award) in the lawsuit of the subsidiary OOO "Carpathes" and its Swedish shareholder Misen Enterprises AB on termination of joint venture agreement (JV). In particular, the court terminated the contract with DM than satisfied one of the requirements of the subsidiary.

Prior to the decision of the Stockholm arbitration "Ukrgasdobycha" has managed to break all the joint operation agreements that have deprived the company of the opportunity to use their own wells, except for two contracts which participant is the company "Carpathes".

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