Swissport Ukrainian woes continue
Ukraine’s highest economic court decision still pending while UIA dilutes Swissport’s shares in the meantime and the Ukrainian government remains silent on protection of foreign investment.
September 19, 2013
The court appeal hearings at the Highest Economic Court keep being postponed, for the seventh time based on reportedly dubious reasons on Friday, 30. August. In the meantime UIA (Ukrainian International Airlines) took unilaterally the decision to increase the share capital in Interavia with the obvious goal to dilute Swissport. By doing so UIA did now for what it sued Swissport, when UIA falsely alleged Swissport of a dilution attempt. The Ukrainian Government and Anti-Raider-Commission are long in coming with their promised support for foreign investors and companies that lost their business through hostile takeover.