You're reading: Cypriot court decides to ‘unfreeze’ SCM assets

The Nicosia District Court has ruled in favor of the financial and industrial group of Ukraine, System Capital Management (SCM), one of the leading groups in Ukraine, in a dispute with Raga Establishment regarding the status of Ukrtelecom, having canceled the ruling of the Cypriot court dated December 27, 2017 on alienation (“freezing”) of certain assets of SCM Group.

“SCM assets have been unfrozen,” the SCM press service has said.