Defense of Ukraine at the suit of Chinese investors “Motor Sich” to the amount of 3,5 billion. dollars will be carried out by the law firm King & Spalding. This is reported by the Ministry of Justice of Ukraine.
so, Kiev has appointed its representative, who will advise, and represent the interests of Ukraine in the case at the suit of the Chinese shareholders of PJSC “Motor Sich” to the amount of 3,5 billion. dollars. For its services, the British branch of an international law firm requested 369 850 dollars.
When will the consideration of the claim begin and in which country, not yet reported. About, that Chinese companies are filing a lawsuit against Ukraine in the amount of 3,5 billion. dollars Kiev received a notification at the beginning of December last year. The plaintiffs will be represented by three international law firms, established as one of the most reputable in the world. This is WilmerHale, DLA Piper и Bird & Bird. Arzinger was involved as consultants on Ukrainian legislation.
Recall, that Chinese investors own 56% shares “Motor Sich”, bought in 2016 year. Despite this, in Kiev made a decision on “nationalization” the enterprise and transferring it to state ownership. This March, everyone 100% shares of the enterprise were arrested and transferred to the management of the National Agency of Ukraine for the identification, tracing and asset management, received from corruption and other crimes (ARMA). In addition to shares, all property of the company was also arrested..
Zelensky later signed a decree, enacting the decision of the National Security and Defense Council of Ukraine on “nationalization” Company. Despite “nationalization”, Kiev has already offered to buy a Turkish enterprise.