Business news from Ukraine

Business news from Ukraine

PJSC Inter-Plus will be reorganized

PJSC Inter-Plus (formerly PJSC IC Inter-Plus Kiev) will be reorganized into LLC Interplus Group (Kiev), the company reported in the information system of the National Commission on Securities and Stock Market (NCSSM).

Such decision was made by shareholders at the meeting on March 3, 2025.

In addition, the general meeting of shareholders approved the procedure and conditions for the implementation of the transformation, elected the personal composition of the termination Commission, established the procedure and term for the application of creditors of their claims.

As reported, the National Bank of Ukraine (NBU) revoked the licenses for insurance activities of PJSC IC Inter-Plus and excluded the company from the State Register of Financial Institutions.

Earlier, the NBU on April 1, 2024 provided IC Inter-Plus with permissions to exit the market by executing insurance portfolios and agreed on a plan of exit from the market.

The insurance portfolio of IC Inter-Plus was formed at the expense of payments on third party liability insurance, air, water transport liability insurance (including carrier’s liability) – 76,8%, hull insurance – 6,1%, medical expenses insurance – 5,8%.

The volume of insurance premiums amounted to UAH 140,075 mln, formed insurance reserves – UAH 13,006 mln.

 

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UKRENERGO USES SCIENTIFIC LEGAL ANALYSIS CLAIMING ABSENCE OF POWERS OF REORGANIZATION COMMISSION TO MANAGE COMPANY

The Koretsky Institute of State and Law under a request of National Energy Company Ukrenergo has confirmed the absence of powers of the commission for reorganization of Ukrenergo to manage the company’s affairs. According to the findings of the scientific and legal analysis, the text of which Interfax-Ukraine has, the commission created by order of the Energy and Coal Industry Ministry No. 728 dated December 5, 2017, is not vested with the authority to manage the affairs of Ukrenergo and its current activities.
At the same time, according to the findings of the institute, the Energy and Coal Industry Ministry has not authorized the commission to manage the affairs and current activities of Ukrenergo, but only to provide organizational support for the Ukrenergo transformation process.
As reported, the ministry on October 18 said that the commission for reorganization of Ukrenergo, which from October 9 is headed by Blyzniuk, has decided that powers to manage the company are transferred to the commission head, which is aimed at the successful completion of the reorganization process.
Ukrenergo said about the deliberate obstruction of corporatization and the process of the introduction of the electricity market by the commission for reorganization of the company, which members are approved by the ministry.
The business court of Kyiv on October 23 suspended the decision of the commission for reorganization of Ukrenergo about the delegation of powers to manage the company to the head of the commission in the person of Deputy Energy and Coal Industry Minister of Ukraine Mykhailo Blyzniuk.

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