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Kiev Economic Court orders return of Odessa chemical plant deposit
Journal Staff Report

KIEV, Dec. 14 - Kiev Economic Court has ordered the State Property Fund to return a UAH 400 million deposit to Frunze-Flora, which the company paid to bid in a tender to sell Odessa port-side chemical plant that failed in September.

The petitioner demanded that the SPF pay additional fines, but the court ruled that it needed to pay only the sum of a bid deposit and state duty.

The State Treasury, participating in the case as a third party, said that the SPF is unable to submit the proper documentation to return the bid deposits to the two participants in the tender.




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