The State Property Fund may return Uzhgorod Cognac Factory to state ownership
Uzhgorod city and district court considers the claims of the founders of the "Uzhgorod cognac factory" for the invalidation of powers of the factory director Hisem V. and the obligation to include the information on all the founders of the company into the Unified State Register. The Regional Office of the SPF of Ukraine in Transcarpathian is involved in the case.
Recently, a representative of the State Property Fund stated their position, namely, that the lease agreement of 1991, concluded between the tenants organization and the government cooperative association "Zakarpatsadvynprom" is illegal because it had to be concluded by the Ministry of agriculture of Ukraine, not by the "Zakarpatsadvynprom" which now is headed by V. Hisem.
In this regard the Regional Office of the SPF of Ukraine plans to return Uzhgorod Cognac Factory to state ownership with subsequent transformation into a joint-stock company and taking into account the rights of the personnel who bought this venture.
Currently, the Party of Regions member V. Hisem is trying to re-register the company without the involvement of the tenants and without re-payment of their contribution to the assets of the company.
Source - Zakarpattya online
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