The case was heard anew after the Supreme Economic Court on Oct.
2 nullified a lower court’s ruling that compelled Swissport to sell its 70.6
percent stake in the local joint-venture to UIA – Ukraine’s largest airlines
owned by billionaire and Dnipropetrovsk Governor Ihor Kolomoisky, according to
Swissport International Senior Vice President Mark Skinner. A panel of three
judges sent the case back to the lowest court to hear the ongoing corporate
“As a result of the new consideration (by the) Kyiv Economic
Court in its decision completely dismissed UIA’s claim against Swissport
International Ltd. on forced sale of shares in Swissport Ukraine. Thus Swissport
recovered 70.6% of handling company, owned by UIA for more than a year,” reads
a statement by Lavrynovych & Partners which represented the cargo handler
together with lawyers from the Kyiv office of DLA Piper.
In a response to a Kyiv Post inquiry, UIA corporate press
secretary Evgeniya Satskaya acknowledged that “UIA was denied declaration of
ownership of 70.6 percent stake in the Interavia share capital and the right to
compel Swissport International to sell the given stake to UIA.”