Clearing the way for the biggest privatization of this year,

Ukraine’s Supreme Court refused to recognize a decision by Stockholm’s Arbitration Institute to award Dmytro Firtash’s Ostchem over $300 million from state-owned Odesa Port Plant. “This is a final decision that is not subject to appeal,” Dmytro Sennychenko, head of the State Property Fund, told Interfax-Ukraine yesterday. Looking ahead to a sale of the chemical producer through auction, he said: “This will help expand the pool of potential buyers and dramatically increase the value of the asset.”