The State Property Fund of Ukraine will put an unfinished hospital in Troyeshchyna up for auction
The Court of Appeals granted the appeal filed by the State Property Fund of Ukraine and overturned the ruling ordering a forensic examination in the bankruptcy case of OJSC “Scientific and Research Medical Association ‘Dialir’.” This court decision made it possible to resume the previously suspended proceedings and remove legal obstacles to the privatization of the company’s assets.
The company’s main asset is a large-scale, unfinished complex of the former Republican Clinical Hospital, located on a municipally owned plot of land covering more than twenty-one hectares in Kyiv.
Since the state owns more than 95.5% of the company’s shares, the State Property Fund of Ukraine (SPFU) called the court’s decision a strategic victory. The fight to reclaim the medical complex has been ongoing since 2021 in collaboration with the Ministry of Health and the Kyiv City Prosecutor’s Office. Attempts were made to transfer the property at an undervalued price to settle fictitious debts without holding open tenders, which, according to preliminary estimates, caused the state budget to lose between 345 million and 745 million hryvnias. Currently, following joint searches conducted by the Security Service of Ukraine (SBU) and the State Bureau of Investigation (DBR) as part of the investigation into this scheme, the Fund plans to immediately adopt an official decision to launch a transparent privatization of the state’s stake in the enterprise.
This was reported by the State Property Fund of Ukraine.
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The head of the State Property Fund stated that the actions of law enforcement agencies and the charges brought by the prosecutor’s office could derail the sale of the Ocean Plaza shopping and entertainment center in Kyiv. The State Property Fund insists that the privatization procedure is being conducted in accordance with the law and based on an independent valuation.
The Court of Appeals upheld the appeal filed by the State Property Fund of Ukraine and overturned the ruling ordering a forensic examination in the bankruptcy case of JSC “Scientific and Research Medical Association ‘Dialir.’” This court decision allowed for the resumption of previously suspended proceedings and removed the legal obstacles that had been blocking further disposal of the company’s assets. This was reported on the official website of the State Property Fund of Ukraine.
The company’s main asset is a large-scale, unfinished complex of the former Republican Clinical Hospital, located on a municipal land plot covering more than twenty-one hectares in Kyiv. Since the state owns more than 95.5% of the company’s shares, the State Property Fund of Ukraine (SPFU) called the court’s decision a strategic victory. The effort to reclaim the medical complex has been ongoing since 2021 in collaboration with the Ministry of Health and the Kyiv City Prosecutor’s Office. Attempts were made to transfer the property at an undervalued price to settle fictitious debts without holding open tenders, which, according to preliminary estimates, caused the state budget to lose between 345 million and 745 million hryvnias. Currently, following joint searches conducted by the Security Service of Ukraine (SBU) and the State Bureau of Investigation (DBR) as part of the investigation into this scheme, the Fund plans to immediately adopt an official decision to launch a transparent privatization of the state’s stake in the enterprise.
