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Cypriot investor of Zaporozhye titanium-magnesium plant announced political pressure

Mining industry / Ukraine

Tolexis Trading Limited, a Cypriot investor in ZTMK, has announced political pressure on the court in the case of the Zaporozhye Titanium-Magnesium Plant and will defend its legitimate interests in the Supreme Court.

Cypriot investor of Zaporozhye titanium-magnesium plant announced political pressure

Tolexis Trading Limited will challenge the decision of the Central Commercial Court of Appeal to terminate the agreement on the establishment of Zaporizhzhya Titanium-Magnesium Plant LLC between the State Property Fund of Ukraine and the ZTMK investor, the Cypriot company Tolexis Trading Limited, as well as to return the integral property complex to the state.

“The decision is unfounded and politically motivated, it was made with a number of procedural violations”, - announced in the press service of Group DF Dmitry Firtash.

“Accelerated decision-making and a number of procedural violations that we saw give us grounds to talk about political pressure on the court. Tolexis Trading Limited was not given the opportunity to defend its interests in court, the trial was held without a representative of Tolexis, the panel of judges changed several times for no apparent reason, "- said the lawyer of Tolexis Trading Limited Roman Chishinsky.

According to him, this is part of a raider plan to spin an enterprise y from a foreign investor for a specific buyer.

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