A new corporate conflict has unfolded around the attempted bankruptcy of one of the largest industrial assets of Konstantin Zhevago. The initiator of the procedure against PrJSC "Poltava Mining and Processing Plant" was the company "Maxi Capital Group" LLC, which declared claims for UAH 4.7 billion. It was this structure that initiated the bankruptcy proceedings of the enterprise.
According to public registers, 25% of shares of Maxi Capital Group LLC are linked to Leonid Kryuchkov. He previously worked in the political environment, was an assistant to Vadym Stolar, was elected to the Kyiv City Council from the Batkivshchyna VO and ran for parliament from the OPZZH party. In addition, he is the brother of Dmytro Kryuchkov, who was sentenced by the Supreme Court of Justice to a long term of imprisonment in a case of embezzlement of funds from energy companies.
Other shares in the company that initiated the bankruptcy belong to lawyers and advocates. According to available information, the procedure was launched by buying out a pool of claims from the DGFFO to enterprises related to Zhevago's business structures. It was this mechanism that became the legal basis for filing a bankruptcy application.
In parallel, another wave of procedures regarding Zhevago's assets is also being mentioned in the public space. This concerns the pharmaceutical corporation Arterium, which includes the factories Kyivmedpreparat and Galichpharm. The company, associated with the same beneficiaries, bought out debts through the DGFFO and initiated a separate bankruptcy procedure with claims for billions of hryvnias.
The situation demonstrates a broader trend of using debt buyback mechanisms from public financial institutions, followed by the initiation of insolvency proceedings. This creates legal pressure on large industrial and pharmaceutical assets and may have consequences for production chains, workers and creditors.
Further developments will depend on the court's decisions and the positions of the parties in the process. The conflict over the assets of Konstantin Zhevago is becoming systemic and goes beyond the boundaries of one enterprise.
