In the Kiev Economic Court, the case of eight years ago on privatization of crooked -roads was resumed

The Kiev Economic Court began consideration of the claim "Investment and Metallurgical Union" (IC) to the State Property Fund of Ukraine demanding to recognize illegal and cancel order No. 289 of the State Property Fund of February 15, 2005. About this writes Forbes.ua

The ICS statement filed Eight years ago, in 2005. In the same year, the so -called Krivorozhstal reprivatization occurred as a result of which the metallurgical plant privatized earlier Akhmetov and Pinchuk for $ 800 million was re -sold by Lakshmi Mittalo, but for 4 billion $ 800 million. The order disputed in the Kiev court for No. 289, according to the Forbes correspondent, was the starting point of this story.

In case of recognition of the requirements of the IMS and the making a positive decision, the company will open the widest prospects for the company: “The positive decision of the court on this process, theoretically, may become the basis for revising other court decisions regarding the first privatization of the plant,” says the partner of the law firm Egorov, Puginsky, Afanasyev and partners Aleksey Reznikov in 2005 representing the interests of the IMS in court.

In 2004, IMS was created by SKM Akhmetova and Pinchuk Interpipe. In the summer of the same year, the company won the Krivorozhstal privatization competition. In the fall of 2005, Krivorozhstal at a second privatization auction went to the largest metallurgical company Mittal Steel of Indian billionaire Lakshmi Mittal and was renamed Arselormital Krivoy Rog.