US Funds Win Ukraine Court Support in Odesa Grain Terminal Spat
Bulk carriers at the grain terminal of the port of Odessa, Ukraine.
Photographer: Bo Amstrup/AFP/Getty ImagesThis article is for subscribers only.
US funds Argentem Creek Partners and Innovatus Capital Partners said they have won the support of a Ukrainian court in their bid to wrest control of an Odesa grain terminal operator from local financiers.
An appeal court in Lviv on Thursday rejected a request by the shareholders of Olimpex Coupe International, part of GN Terminal Enterprises, to dismiss the appointment of independent bankruptcy managers, the funds said in an emailed statement.