Selling price of the “Crown” will not be reduced – court decision

The lawsuit of the "Project Hotel Consulting Ltd." to the Department of Municipal Economy of Uzhgorod City Council to reduce the selling price of the "Crown" was left without consideration, – the press service of the Uzhgorod Prosecutor reported…

As the Senior Prosecutor of the City Prosecutor’s Office Vadim Savchak said: "We have filed to the Commercial Court of the Transcarpathian region the objection to the claim of this company, as the Law of Ukraine "On privatization of small state-owned enterprises (small privatization)" does not provide for change in terms of privatization, including changes in selling prices of object, after the auction. Also, Art. 9 of this Law of Ukraine provides that the price of the privatization object shall be established on the basis of the assessment. In addition, Art. 23 of the Law provides that the contract of sale shall include the final selling price of an object at an auction".       

  "Taking into account all these arguments, – the prosecutor concluded – the court upheld our position and ruled to leave the lawsuit of the "Project Hotel Consulting Ltd." to reduce the selling price of the "Crown" without consideration.