PJSC Research and Industrial Center Borschahivka chemical and pharmaceutical plant has filed a lawsuit to Kyiv’s business court against PrJSC Darnitsa pharmaceutical firm (both based in Kyiv) and a lawsuit against the municipal ownership department of the Kyiv City Council, seeking to declare invalid a trading session where shares in the plant were sold and the respective sale and purchase contract was signed. “After studying the materials of the lawsuit, the court declared them sufficient for accepting the lawsuit, opening the proceeding and hearing the case,” the business court said in a ruling published in the unified register of court rulings.
In turn, Darnitsa pharmaceutical firm filed the counterclaim against Borschahivka chemical and pharmaceutical plant seeking to declare valid its ownership rights to the shares of the plant.
Four persons also filed lawsuits to the business court of Kyiv with the same demands against Darnitsa pharmaceutical firm and the municipal ownership department of the Kyiv City Council.
One troy ounce=31.10 grams
Nika-Tera marine specialized terminal (Mykolaiv), part of Group DF belonging to Dmytro Firtash, has accepted the first batch of grain of the 2018 harvest.
According to a company report on its Facebook page, the first truck with grain from the south of Kherson region with barley of the 2018 harvest was accepted on June 8.
Transshipment of goods at the port as of June 10 amounted to 2 million tonnes.
“The turnover of grains accounts for 61.3% in the structure of cargo turnover at the port. Bulk cargo accounts for 37.19%, and liquid freight for 1.51%,” the report says.
As reported, Nika-Tera in 2017 handled 229 vessels, transshipping 4.17 million tonnes of cargo, which is almost 4% more than in 2016.
Nika-Tera is a modern highly-mechanized marine terminal that is part of the Group DF port business.
Average retail prices for petrol, diesel fuel and autogas in Ukraine in the period from June 4 to June 11, 2018 slightly decreased – by 0.5%, according to data from A-95 Consulting Group (Kyiv).
As reported, average retail prices for fuel in Ukraine in 2017 increased by 19.2-20.1%, or by UAH 4.61-4.76 per liter, diesel fuel by 22.6%, or by UAH 4.84/liter. At the same time, average prices for liquefied petroleum gas (LPG), despite a sharp increase in August due to a deficit, showed an increase of a mere 2.9%, or UAH 0.36 per liter.
The introduction of the nominal holder institution into the depository system reduces the term for registering investment deals of foreign investors in Ukraine to 10 days from three months, Head of the National Depository of Ukraine (NDU) Mindaugas Bakas has said. “Previously, for the purchase of local assets, a nonresident had to personally come with a package of documents to the Ukrainian depositary institution, undergo complicated legal procedures for document processing, including their translation and legalization in Ukraine. The entire process took more than three months. Thanks to the new bill, it would take up to 10 days,” he said at the joint ICU and Bloomberg conference entitled “Opportunity Knocks – Ukraine Local Bond Market Conference” held in London.
According to Bakas, the first accounts could be opened in four months.
As reported, in the middle of May, Ukraine’s Verkhovna Rada passed at second reading bill No. 6141 amending some Ukrainian laws regarding promotion of attraction of foreign investment that will introduce the nominal holder institute to the depository system of Ukraine. The bill envisages the introduction of the institution of an independent financial intermediary, nominal holder and global custodian in Ukraine. Earlier, the NDU predicted that the adoption of this bill will increase the share of foreign capital up to 30% from almost nil.
