The Supreme economic court on September 26 satisfied the cassation appeal of PJSC Ukrainian Railways, reversing the decision of the Kiev appeal economic court left without changes the decision of the Economic court of Kyiv 04.04.2017 that Oschadbank was denied the claim to Ukrainian Railways for the recovery of 61 million UAH of arrears in the payment of the bond nominal value, which in 2014 released by the Donetsk railroad.
Writes Finbalance, according to court records, the guarantors of the Donetsk railway on the relevant bond issue (UAH 580 million) was Prydniprovska railway, southern railway, South Western railway, Odessa railway, Lviv railway.
Oschadbank through a judicial process declared that Ukrzaliznytsia needs to take responsibility for the improper performance of the prospectus and contract of guarantee.
At the same time, the Supreme economic court agreed with the trial court’s conclusion that Ukrzaliznytsia has not yet passed the obligations of the above companies, as such a transition takes place from the moment of entry in the Register about the termination of a legal entity. Now, registry no.