Almost three months have passed since the Chinese investors of Motor Sich JSC sent a notice to the Ministry of Justice of Ukraine as to the start of the $3.5-billion investment dispute with Ukraine.
Internationally, as a rule, this is the period set aside for the pre-arbitration resolution that has not taken place in this case.
Accordingly, the Chinese investors of Motor Sich JSC, including our partner Skyrizon Aircraft Holdings, are clearly aimed at seeking justice in international arbitration. Over the past four years, they have not been able to exercise their rights as the shareholders due to the actions of the Ukrainian authorities that violate the bilateral Agreement on the Encouragement and Reciprocal Protection of Investments between Ukraine and China dated December 31, 1992, and see no prospect of any fair resolution in the Ukrainian legal environment.
The experts from the most respected law firms worldwide are convinced that the Ukrainian authorities have no reason to prevent the Chinese investors of Motor Sich JSC from contributing to the development of the Ukrainian economy and the industry revival. With a high degree of certainty, the international court of arbitration will have the same opinion.