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Motor Sich Case to be Considered in Essence on November 26

 

The Shevchenkivskyi District Court of Kyiv city has returned to the consideration of the motion of the lawyers of one of the shareholder companies of JSC Motor Sich to remove four arrests from the company’s shares. As of today, all procedural requirements have been satisfied; the hearing will take place on November 26.

The lawyers representing the interests of the investors of JSC Motor Sich informed RBC-Ukraine following the results of the court session on November 4.

At today’s hearing, according to the lawyers, the judge granted their motion to provide an online broadcast. Thus, everyone will be able to follow the hearing on November 26 online.

Aleksei Zadoenko, a lawyer, also said that the defence was finally provided with part of the case materials for perusal.

‘Based on the information we have studied, neither the company nor its officials have the status of a party to this criminal proceeding in the case. That is, they are neither suspects nor accused. Accordingly, the claims against the companies we represent, in our opinion, are absolutely far-fetched,’ the lawyer said.

The lawyers also reminded once again that the bans on shares worsen the financial position of JSC Motor Sich as the company’s profit has decreased several times, the saddening financial condition of the company and its uncertain future have caused about 8,000 employees to leave the company.

Let us recall that the previous court hearings on the cancellation of arrests, scheduled for October 21, 2020, were postponed to November 4, 2020, and to November 10, 2020, due to the absence of an investigator from the Security Service of Ukraine.

On October 29, the Kyiv city Court of Appeal also postponed the trial of the Motor Sich arrests due to the absence of the prosecutor.

According to the lawyers of the shareholder company, the state is putting pressure on the owners of the shares, and the arrest itself is contrary to the current legislation, the materials of the case and common sense.

Due to the current situation, Chinese investors from Skyrizon sent a notice to the Ukrainian government in early September, about their intention to begin international arbitration against Ukraine, demanding compensation for $ 3.5 billion in damages.