Politics 2024-04-15T05:06:37+03:00
Ukrainian news
Court launches proceedings on bankruptcy of Ilyich Steelworks

Court launches proceedings on bankruptcy of Ilyich Steelworks

court, proceedings, Ilyich, bankruptcy, launches, Steelworks

On December 19, the Commercial Court of the Zaporizhzhia Region started bankruptcy proceedings over the Illich Steel and Iron Works (Mariupol, Donetsk Region).

This follows from a statement by enterprise, the Ukrainian News agency reports.

According to it, the court made a decision to open proceedings in the case upon bankruptcy of the plant based on the application of the Avdiivka Coke Plant.

Reasons for opening proceedings in the bankruptcy case of the issuer: seizure and destruction of a single property complex of the Illich Steel and Iron Works in the occupied city of Mariupol and, as a result, insolvency, inability to fulfill monetary obligations to creditors.

As the Ukrainian News agency earlier reported, 16 enterprises of the Metinvest group filed a lawsuit with the European Court of Human Rights (ECHR) against Russia regarding compensation for damage caused to the property and property of the group in Mariupol (Donetsk Region) and in other territories of Ukraine from February 24, 2022.

In particular, the lawsuits were filed by the Azovstal metallurgical plant and the Illich Steel and Iron Works.

The main shareholders of the Metinvest group are SCM (71.24%) and the Smart-Holding group (23.76%), which participate in the management of Metinvest on a partnership basis.

100% of SCM shares belong to businessman Rinat Akhmetov.