Court invalidated the decision of Cabinet on monopoly Naftogaz

District Administrative Court of Kyiv satisfied in a class action lawsuit participants of natural gas and Ukraine declared illegal the decision of Cabinet.
Kyiv District Administrative Court overturned the December 16 Cabinet of Ministers of Ukraine №647 dated 26 November 2014, according to which about 170 large industrial consumers were obliged to February 28, 2015 to purchase natural gas exclusively in the state holding “Naftogaz of Ukraine”. On a reported one of the largest private oil and gas companies in Ukraine Burisma, which is a list of companies that challenged the ruling government.

“Yesterday, December 16, the District Administrative Court of Kyiv satisfied in a class action lawsuit participants of natural gas and Ukraine declared illegal Cabinet Resolution №647 … Thus, the court showed the rule of law and sided with business in this matter,” – said the company.

In addition, states that this action has been repeatedly criticized by the Energy Community Treaty, the International Monetary Fund, World Bank, of experts and market participants.

“However, independent gas extracting companies are ready for dialogue with the government to share the most effective strategy to implement energy independence of the country”, – stressed in Burisma.

Recall, November 10 The Cabinet of Ministers of Ukraine ordered major industrial, energy – and heat-generating businesses to buy natural gas from December 2014 to February 2015 exclusively in the state energy holding “Naftogaz of Ukraine”.

Later it became known that gas producing company filed a lawsuit to cancel monopoly Naftogaz.

Share
The Stopru