The London court rejected the appeal of Ukraine on the payment of $ 12 million gas company

The high court of England and Wales dismissed the appeal of Ukraine on the decision of the London arbitration, according to which he ordered the government to pay about $ 12 million oil and gas company JKX Oil & Gas Plc. She is the owner of “Poltava petroleum company”.

JKX reports on the website of the London stock exchange that the company hope to achieve with Ukraine out of court settlement of other pending disputes. About it reports “Interfax-Ukraine”.

Recall that the London arbitration in a dispute against Ukraine JKX rejected the basic requirements of the company and upheld the increase of rent rates on oil and gas in 2014, but they decided to compensate about $ 12 million JKX losses.

In 2016-2017, the police conducted searches in the offices of “Poltava petroleum company”.

“The scale of the searches continue to expand for no apparent reason, the reasons, findings and results. It is increasingly taking the form of harassment, not a legitimate investigation of commercial activities”, – said in JKX.

The first searches were initiated by the Prosecutor’s office and conducted within the framework of production on the underpayment of taxes.

JKX Oil & Gas owns in Ukraine “Poltava petroleum company”, which has licenses to develop oil and gas fields. JKX operates in Russia, Hungary, Bulgaria and Slovakia. The largest shareholders of the company, according to Forbes, Eclairs Group are businessmen Igor Kolomoisky and Gennady Bogolyubov (which owns 27.5% of JKX) and Glengary Overseas Ltd. Alexander Zhukov (the owner of 11.45%).

  • JKX Oil & Gas Plc
  • Poltava petroleum company

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