Open source
The Supreme Court of the Switzerland’s canton Zug has resumed a freeze on shares in Nord Stream and Nord Stream-2 (AG respectively) as part of the forcible collection of $ 2.6 billion from Gazprom, according to the decision of the Stockholm Arbitration Court.
This was reported by the press service of the Naftogaz of Ukraine.
According to the report, the assets will remain frozen while an appeal by Naftogaz against decision to lift the arrest from these shares, which was previously taken by the local debt collection agency, will be considered.
The company noted that the shares was lifted from arrest only on the statements of Nord Stream AG and Nord Stream 2 AG that the shares to be attached were not located within canton Zug and, accordingly, within the debt collection authority jurisdiction, and therefore should be strucked from the list of arrested assets.
«Without suspensive effect granted by the Superior Court, the DEO’s decisions would have become enforceable and the shares of Nord Stream AG and Nord Stream 2 AG would have been at Gazprom’s disposal again, even if they were located within the Zug’s DEO jurisdiction.
However, above-mentioned assets cannot be moved now from the jurisdiction of the relevant body to collect debts before the final decision on the appeal of Naftogaz, » – the message said.
As «The Journalist» reported, «Naftogaz» will appeal to the Court of Appeal of Sweden to cancel the suspension of the decision of the Stockholm Arbitrage.
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