Reprivatization has begun. The government has ordered the State Property Fund and its acting head Oleksandr Bondar to secure the return to the state ownership of previously privatized enterprises, which now have debts to the state budget, Chornobyl, and the Pension funds.
A few years ago experts said it could end up with nationalization the Ukrainian way, when the long needed investors would force the enterprise go bankrupt by taking out turnover funds and ruining the social sphere (kindergartens, sanitariums, summer camps, and so on). Apparently it turned out that way.
It appears that there is no such thing as a mechanism for enterprises' return, except for the announcement of the Prime Minister Valery Pustovoitenko: "Everything will be done according to the law through the Court of Arbitrage."
Meanwhile, SPF acting head Oleksandr Bondar declared in his May interview with The Day, that nationalization is only possible under one condition – that the owner get all the money back he spent on the enterprise which is returning to state ownership. He also noted that the state did not have money for that purpose and that we could only start thinking about reprivatization after a corresponding law is passed. Naturally no law has been adopted. Apparently this is why experts strongly recommend familiarizing oneself with the list of enterprises which are "sentenced" to reprivatization (and no such list yet exists). They think some items in it might have an interesting past.
In other words, there is no point in expecting transparent reprivatization and no one tends to believe that it will be honest this time either.






