Business news from Ukraine

Business news from Ukraine

Cyprus-based Parimatch company files administrative lawsuit against President of Ukraine with Supreme Court

5 September , 2023  

Cyprus-based Weplay Media Holding Limited, a member of the Ukrainian Parimatch group, has filed an administrative lawsuit against Ukrainian President Volodymyr Zelenskyy with the Supreme Court as the court of first instance, demanding that the sanctions imposed on the company by his March 10 decree be lifted as unlawful.

According to the court’s ruling of August 10, published in the court register, the court opened the proceedings, involved the Security Service of Ukraine (SBU) and the National Security and Defense Council (NSDC) as third parties, and scheduled the case for consideration by a five-member panel of the Administrative Court of Cassation on September 5.

The case specifies that Weplay Media Holding is associated exclusively with the ownership of intellectual property rights (trademarks, software) and a share in the authorized capital of Pokermatch.ua LLC.

At the same time, this case is not on the list of cases to be considered by the court on September 5.

At the same time, several similar cases challenging the sanctions imposed by presidential decrees are scheduled for September 6. In particular, these are the lawsuits filed by businessman and former MP Vadym Novynskyi (sanctions imposed by a decree of December 1, 2022), Skyrizon President Du Tao (decree of January 29, 2021), former head of Odesa Customs Mykhailo Hribanov (decree of April 21, 2021), Epival Energy LLC (decree of March 25, 2021), and the head of the Shariy Party Olha Bondarenko (decree of August 20, 2021).

Three more similar cases are scheduled to be heard on September 7, and another 10 on September 11.

As reported, President of Ukraine Volodymyr Zelenskyy enacted the decision of the National Security and Defense Council of Ukraine (NSDC) to impose sanctions on 120 individuals and 287 legal entities by a decree of March 10.

The sanctioned betting companies and lotteries include Ukrainian Parimatch LLC, Leo Financial Company, PokerMatchUA, Your Betting Company, and PlayFan Investment.

The new sanctions also affected Parimatch United Investments Limited (UK), Fullgear Investments Ltd, Auspicia Limited (both Cyprus), Suncast Furure N.V. (Curacao, the Netherlands), and Parimatch Foundation Limited (Cyprus).

Source: https://reyestr.court.gov.ua/Review/112757805

https://supreme.court.gov.ua/supreme/gromadyanam/kas/