American creditors Argentem Creek Partners and Innovatus launched a large-scale PR campaign to put pressure on the court and the prosecutor's office on the eve of the next court session in a dispute with the Ukrainian GNT Group, the UNIAN writes.
Creditors accused the Ukrainian holding of unlawful illegal actions on the eve of the start of sessions in the Supreme Court of the cassation complaint about the bankruptcy of the GNT Group companies: Olimpex Coupe International and Metalsukraine Corp Ltd.
However, as the publication points out, the statements of Argentem Creek Partners and Innovatus are nothing more than a black PR campaign and pressure on the court and the prosecutor's office.
As noted, there are several legal aspects of the unlawfulness of bankruptcies of GNT Group Ukrainian companies:
The media concludes that Argentem Creek Partners is trying to use pressure to take ownership of a devalued business whose real value is four times greater than the $100 million debt that could have been repaid by GNT Group. The publication reminds that the generally accepted tendency of investors to restructure the loans of Ukrainian companies in the last one and a half years. But American creditors ignored this opportunity.