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26.12.2016 | 14:41

Dragons continue litigating for Crimean money

Photo: shutterstock
Photo: shutterstock

Litigation on Crimean bonded loans continue.

New turn emerged in the conflict between Cyprian DRGN Limited which is related to one of Ukrainian stock amrket participants and Russian Federation (RF). 

As to StockWorld.com.ua, DRGN Limited claimed to the Moscow Arbitration Court with reagards to government bonds of the Aunomous Republic of Crimea. 

The war isn't an obstacle for debts.

It's not the first year the Crimean government bonds are subject to litigation. 

Current summer, the MP Volodymyr Aryev asked the Prime Minister Volodymyr Groysman include the Cyprian company into the sanction list. Aryev's arguments for such a request based on potential negative diplomatic consequences if branches of Ukrainian investment company recognize the Crimea as Russian jurisdiction. 

Later Moscow Arbitration Court binded the Finance Ministry of Crimea to pay Cyprian DRGNLimited more than UAH 18 million under bonds issued in 2011. At that, investors didn't recognize partial satisfaction of the claim and intended to appeal against court decision. 

However, Moscow Arbitration Court decided to revoke its previous summer decision. Thus, the full point in the case turns into comma. The following hearings are scheduled on January 17, 2017. 

Follow the progression of events on StockWorld.com.ua!

References in the article: drgn ltd, annexation, drgn, bonds, court, conflict, crimea, claim
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