NSC Olympic property seized for debt

OlympicThe State Executive Service has seized the property of the State Enterprise "National Sports Complex "Olympic" in Kyiv.

The reason for this was a lawsuit filed by Kyivmiskbud HC for a debt of 32,389 million hryvnias. This debt arose on November 28, 2008, after Kyivmiskbud fulfilled its part of the general contract, but the Olympic NSC did not. The property was seized due to insufficient funds in the sports complex's accounts.

Furthermore, any subsequent alienation of the seized property was prohibited. For its part, NSC management had already filed a motion to lift the seizure, but the court dismissed the claim.

It's worth noting that since its 2011 reconstruction, the Olympic NSC has had virtually no functioning sports facilities, other than the football stadium that hosted the European Football Championship final. The reconstruction itself was estimated at 4,6 billion hryvnias, which turned out to be twice the planned budget.

SKELET-info

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