Ukrtelekom ordered to pay debt
July 26, 2019 09.24 Europe/London By Chris Dziadul
Ukraine’s Supreme Court has ordered Ukrtelekom to pay Oschadbank a debt totalling around UAH1.5billion (€52.3 million), including interest.
According to Mediasat, its decision finally puts an end to a dispute that has lasted almost two years.
The dispute related to the purchase of Oschanbank bonds by Ukrtelekom to the value of UAH1 billion and the Supreme Court’s ruling overturned previous decisions by the Kyiv Economic Court and Northern State Appeals Court to terminate the contract.