OREANDA-NEWS. April 1, 2008. The Deputy Head of the President’s Secretariat, Igor Pukshin, held a briefing in the President’s Secretariat where he said that the President had signed a Decree on actions aimed at speeding up the execution of court’s judgments.
 
According to him, 70% of court judgments are not executed and only 30% are executed. ‘Today there are 2.8 m judgments estimated at UAH 33 bn, which were not executed’ he said. Mr. Pukshin emphasized that the European Court had passed 384 judgments against Ukraine and 200 of them were made with regard to the non-execution of judgments by Ukrainian courts.

After the briefing, when commenting upon Ukrneftegaz’s refusal to register the additional issue of Dneproenergo shares made within the framework of the rehabilitation procedure, he stated: ‘This is one of the examples of the persistent non-execution of court judgments. Unfortunately, we cannot apply criminal liability here immediately, since administrative liability applies for the first two times. However, relevant amendments to legislation should be made and the liability should be enhanced’.

As was reported earlier, last year, a meeting of the shareholders approved the plan to bring the company out of the bankruptcy procedure. The plan foresaw the attraction of an investor that would pay off all the payable due accounts of the company, and propose a plan for the reconstruction of its production assets. Companies incorporated into DTEK Holding, Komsomolets Donbassa Mine and Pavlogradugol, were chosen as investors. They paid off the company’s debts to an amount of UAH 1.51 billion. Today, the implementation of the plan to bring the company out of bankruptcy is being litigated in court by only Business-Invest Company (Privat Group), while the registrar, Ukrneftegaz (Private Group), whose license has been cancelled, refuses to provide the registration of Dneproenergo shareholders. In view of the above, a corporate conflict has erupted between Privat Group and Dneproenergo.