Statement by Dan Webb and Lanny Davis, attorneys for Dmitry Firtash in U.S. regarding today’s Austrian Supreme Court decision
Tolexis Trading Limited filed a cassation appeal to the Supreme Court in the case of ZTMC
Tolexis Trading Limited, a part of Group DF group of companies, filed a cassation appeal to the Supreme Court of Ukraine against the decision of the appeal court regarding the termination of the contract of the State Property Fund with Tolexis Trading Limited on the establishment of Zaporizhzhia Titanium and Magnesium Plant LLC.
Tolexis Trading Limited to challenge unlawful decision of the appeal court on ZTMC
The Cyprus company Tolexis Trading Limited, being a part of Group DF, strongly disagrees with the decision of the appeal court regarding the termination of the agreement on the establishment of Zaporizhzhia Titanium and Magnesium Combine LLC. The agreement was concluded between the State Property Fund of Ukraine with Tolexis Trading Limited. The decision of the court is politically motivated, baseless and completely negates the legitimate rights of Tolexis Trading Limited as an investor.
Delaying with recognition of the Stockholm Arbitration decision on Odessa Portside Plant debt to Ostchem, Ukraine violates the New York Convention and international agreements
Group DF states that the delay by the Ukrainian courts the recognition of the Arbitration Institute of the Stockholm Chamber of Commerce decision to enforce a debt of Odessa Portside Plant to Ostchem Holding Limited company amounting over $300 million or 7.8 billion hryvnia, is a violation of the UN Convention on recognition and enforcement of foreign arbitral awards, which was ratified by 149 countries, including Ukraine.
Group DF to impeach a judgement of Zaporizhzhya region Economic Court on the termination of the contract of the State Property Fund with Tolexis Trading Limited on the establishment of ZTMC LLC
Group DF is surprised by the decision of Zaporizhzhya region Economic Court on the termination of the contract of the State Property Fund of Ukraine with Tolexis Trading Limited company about the establishment of Zaporizhzhya Titanium Magnesium Plant LLC. Group DF considers the decision groundless and politically motivated. The Group stands assured of its rightness and will challenge this decision in Ukrainian and international courts.
Group DF’s titanium business became a partner of the Ukrainian Championship in Rally – 2018
Valki-Ilmenite and Mezhdurechensk MCC mining companies, which are part of the Group DF titanium business, have supported the third stage of the Ukrainian Rally Championship named Rally "CAPITAL". Competitions were held on 8-9 July in Kiev and Zhytomyr region – Irshansk town with the participation of over 30 crews from all over Ukraine. The Rally "CAPITAL" is the largest in Ukraine car competition and is held with the participation of Ukrainian and foreign teams for 19 years under a series.
In 2017 Nika-Tera port handled 4.2 million tons of cargo
For 11 months of 2017 Ostchem plants produced 1.5 million tons of mineral fertilizers
For 11 months of 2017, three mineral fertilizers plants of Ostchem (consolidating Group DF’s fertilizer business) - Azot (Cherkasy), Rivneazot and Severodonetsk Azot - produced 1.48 million tons of nitrogen fertilizers for the Ukrainian agro-industrial complex. Thanks to support from the Government, including the introduction of anti-dumping duties by the Ministry of Economic Development and Trade towards some Russian fertilizer producers, since June 2017, Ostchem has been able to start the plants and resume fertilizer production after a long period of inactivity.
For 11 months of 2017 Nika-Tera seaport increased transshipment by 10%