Editor’s note:

The UBN wishes to provide an update and correction regarding VR Capital litigation with UZ. VR Capital will appeal to Supreme Court against the decision of the Court of Appeal on the invalidity of the right of claim against Ukrzaliznytsia declaring invalid the contract for the assignment of Ukrzaliznytsia debt between Prominvestbank and the New York-based investment fund, VR Global Partners, L.P. VRGP strongly disagrees with the decision of the court, which is clouded by alarming evidence of political interference and manifest violations of due process and will appeal it in cassation to the Supreme Court. Best regards, UBN Editorial Board.