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Courts on Ukrtelecom privatization may last for decades

20.10.2017 р., 15:25

Some new circumstances may open, the trial may go to the second, third circle.

This is how the decision of the Kyiv's business court to return the company to the state property was commented by Olexander Parashchiy, the head of the analytical department of the investment company Concord Capital, in the program of the Ukrainian Radio "Today. In the Morning".

To recall: Kyiv's business court on October 19 decided to terminate the agreement signed in March 2011 after a privatization tender to sell 92.79% stake in Ukrtelecom with ESU LLC under a claim of the State Property Fund of Ukraine (SPF). The defender seeks to file a counterclaim against this ruling."ESU disagrees with the court ruling of lower instance and continue defending ownership right to Ukrtelecom's shares in the court of appeals".

At the same time, Olexander Parashchiy noted that such a situation would negatively affect the attractiveness of the company, the investment climate in the country. Therefore, if there was a violation of any clause on the privatization contract, it would have been advisable to act in ways less painful for all participants in the process.

Courts on Ukrtelecom privatization may last for decades

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