Oschadbank applied to the Division for the Enforcement of Decisions of the Department of the State Executive Service of the Ministry of Justice of Ukraine

Events

Oschadbank applied to the Division for the Enforcement of Decisions of the Department of the State Executive Service of the Ministry of Justice of Ukraine (hereinafter referred to as the DED of the DSES of the MJU) with applications to initiate an enforcement proceeding in order to enforce the decision of the Kyiv Court of Appeal.

  1. By the resolution dated 09 October 2019, the chief state executor of the DED of the DSES of the MJU initiated the enforcement proceeding (No. 60258848) to recover compensation for damages in the amount of 1,111,300,729 (one billion one hundred eleven million three hundred thousand seven hundred twenty-nine) US dollars from the RF represented by the Ministry of Justice of the Russian Federation.
    • On October 9, 2019, it was decided to collect from the RF, represented by the Ministry of Justice of the Russian Federation, an enforcement fee of 10 percent of the amount to be enforced, returned, or the value of the debtor's property to be transferred under the executive document (111,130,072.90 US dollars).
    • On October 9, 2019, it was also decided to seize all movable and immovable property owned by the RF represented by the Ministry of Justice of the Russian Federation within the amount of the foreclosure, including the enforcement fee, 1,222,430,801.90 US dollars.
  2. By the resolution dated 09 October 2019, the chief state executor of the DED of the DSES of the MJU initiated the enforcement proceeding (No. 60259987) to recover from the RF represented by the Ministry of Justice of the Russian Federation the costs for legal representation, remunerations for experts and related costs in the amount of 3,134,907 (three million one hundred thirty-four thousand nine hundred seven) US dollars 34 (thirty-four) cents.
    • On October 9, 2019, it was decided to collect from the RF, represented by the Ministry of Justice of the Russian Federation, an enforcement fee of 10 percent of the amount to be enforced, returned, or the value of the debtor's property to be transferred under the executive document (313,490.73 US dollars).
    • On October 9, 2019, it was also decided to seize all movable and immovable property owned by the RF represented by the Ministry of Justice of the Russian Federation within the amount of the foreclosure, including the enforcement fee, 3,448,398.07 US dollars.
  3. By the resolution dated 09 October 2019, the chief state executor of the DED of the DSES of the MJU initiated the enforcement proceeding (No. 60260134) to recover from the RF represented by the Ministry of Justice of the Russian Federation the interest accrued before the delivery of the award on 1,111,300,729 (one billion one hundred eleven million three hundred thousand seven hundred twenty-nine) US dollars from 31 March 2014 to the date of the award – 26 November 2018, at the average (calculated for the period between the valuation date, 31 March 2014, and the date of this award) semi-annual LIBOR rate in US dollars plus 2%, given an annual capitalization.
    • On October 9, 2019, it was decided to collect from the RF, represented by the Ministry of Justice of the Russian Federation, an enforcement fee of 10 percent of the amount to be enforced, returned, or the value of the debtor's property to be transferred under the executive document (17,874,102.74 US dollars).
    • On October 9, 2019, it was also decided to seize all movable and immovable property owned by the RF represented by the Ministry of Justice of the Russian Federation within the amount of the foreclosure, including the enforcement fee, 196,615,130.10 US dollars.
  4. By the resolution dated 10 October 2019, the chief state executor of the DED of the DSES of the MJU initiated the enforcement proceeding (No. 60258900) to recover from the RF represented by the Ministry of Justice of the Russian Federation interest accrued after the delivery of the award on the amounts specified in paragraphs (3), (4) and (5) of the award, in total amounting to 1,115,167,036 (one billion one hundred fifteen million one hundred sixty-seven thousand thirty-six) US dollars 34 (thirty-four) cents from the date of the award (26 November 2018) until payment in full, at the average (calculated for the period between the valuation date, 31 March 2014, and the date of the award) semi-annual LIBOR rate in US dollars plus 2%, given an annual capitalization and annual accrual of compound interest. As of 10 October 2019, such debt amounted to 33,520,501.13 US dollars.
    • On October 10, 2019, it was also decided to collect from the RF, represented by the Ministry of Justice of the Russian Federation, an enforcement fee of 10 percent of the amount to be enforced, returned, or the value of the debtor's property to be transferred under the executive document.
Paris
October, 2019
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