Subject of Dispute: Recovery of Debt under a Credit Agreement from the Subsidiary Enterprise “Ivano-Frankivsk Regional Road Management” in favor of the Public Joint Stock Company “Ukrainian Innovation Company”.
Main Arguments of the Court:
1. The Supreme Court established that PJSC “Ukrinbank” and PJSC “Ukrainian Innovation Company” are the same legal entity with an unchanged identification code.
2. Change of the bank’s name is not a reorganization and does not affect its previous obligations.
3. Court decisions on cancellation of the National Bank of Ukraine’s decisions on bank liquidation are valid, therefore previous procedures are recognized as illegal.
Court Decision: Cancel previous court decisions and refer the case for a new review to the court of first instance for a complete and comprehensive investigation of the case circumstances.
