Kyiv Commercial Court has confirmed the validity of the purchase of $153 million of Ukrzaliznytsia debt by VR Global Partners, L.P. Noting that VR has won seven judgements in a row on the Feb. 2019 purchase, Richard Deitz, the President of VR, described the railroad’s legal objections as “nothing other than a spurious attempt by t... #Ukrzaliznytsia #UkrzaliznytsiaDebt #UZdebt #VRGlobalPartnersandUZ
A major US investor in Ukraine, Richard A. Deitz, says UZ is ignoring Supreme Court rulings to avoid negotiating a settlement of a $300 million debt. “UZ has used every trick and procedural loophole to delay and draw out each and every court process,” Deitz, president of VR Capital Group Ltd., said June 15 in a 3,500-word testimony before a Rada co... #UkrzaliznytsiaDebt #UZdebt
