Court postpones review of Farmasel's appeal on asset freeze until 12 November

Court recess until November

On 22 October, the Northern Appellate Commercial Court in Kyiv reviewed two appeals filed by Farmasel LLC. The company was challenging decisions of the Commercial Court of the City of Kyiv dated 27 August 2026, which provided for the recovery of funds in the amount of approximately 60 million hryvnias.

During the hearing, the panel of judges headed by Judge Serhiy Stanik rejected Farmasel's motion to postpone the case, which had been filed due to the need to review the response from Niko LLC, sent on 21 October. At the same time, the panel, on its own initiative, declared a recess until 12 November 2026 to hear other participants in the proceedings and consider other motions.

"Значить, колегія порадилася і вирішила: клопотання ваше відхиляємо, але слухання відкладемо. Ми хотіли б заслухати інше клопотання, щоб реалізувати принцип процесуальної доцільності. Адже якщо ми зараз одразу відкладемо засідання, то не вислухаємо учасників і ті клопотання, які хотіли б розглянути, зважаючи на численні перерви", — зазначив суддя. (Meaning, the panel has consulted and decided: we are rejecting your motion, but we will postpone the hearing. We would like to hear another motion to implement the principle of procedural expediency. Because if we immediately postpone the session now, we will not hear the participants and those motions we would like to consider, given the numerous recesses), the judge noted.

Threat of production halt

Farmasel LLC, which operates under the Nikopharm brand, manufactures 39 registered drugs. Of these, 14 are included in the National List of Essential Medicines, and 6 directly meet the needs of the Security and Defence Forces. These are primarily injectable solutions and emergency care supplies for hospitals and military hospitals.

The company's position remains unchanged: the recovery of funds could cause the bankruptcy of the enterprise, which is a manufacturer of critically important medicines. According to Farmasel representatives, the situation has intensified due to court decisions and actions by law enforcement agencies, which make normal operations impossible.

The enterprise also imports medicines for the markets of Ukraine and the European Union. If production stops, hundreds of employees may lose their jobs.

Lawyer's claims of raiding

A lawyer for Farmasel LLC stated that the company has become the target of a raiding takeover. He recalled that on 7 July of this year, more than 11 searches were conducted at the premises of individuals and at the legal addresses of the enterprise.

"Вилучено дуже багато документів, нам навіть не вдалося зафіксувати, які саме, тому що їх просто збирали великими мішками. Відповідно, були винесені ухвали про арешт коштів, були винесені постанови виконавців виконавчого провадження про арешт коштів. Це унеможливлює сплату заробітної плати працівникам в повному обсязі, повноцінну роботу. Наразі дійсно підприємство знаходиться в стадії колапсу. Ми є критично важливим підприємством для країни… виробляємо ліки, які входять до національного переліку, рекомендовані в аптечку бійця, регулярно надаємо допомогу нашій армії, поставляємо ліки в провідні майже всі лікарні нашої країни", — зазначив юрист. (A large number of documents were seized; we could not even record exactly which ones, because they were simply collected in large bags. Accordingly, rulings on the freezing of funds were issued, and decisions by enforcement officers in enforcement proceedings on the freezing of funds were issued. This makes it impossible to pay employees' wages in full, to work fully. Currently, the enterprise is indeed in a state of collapse. We are a critically important enterprise for the country... we produce medicines that are included in the national list, recommended for the soldier's first aid kit, we regularly provide assistance to our army, we supply medicines to leading almost all hospitals in our country), the lawyer noted.

He also accused the courts of systemic procedural violations, claiming that decisions are made without real hearings and the participation of the parties. The lawyer demands a real review of the case on the merits.

Case context

The lawsuit against Farmasel was filed within the bankruptcy proceedings of Niko LLC, which belongs to the orbit of Serhiy Dyadechko, a former business partner of the company. Before the start of the hearings, representatives of the Farmasel workforce gathered near the court building with demands for transparent justice.

"Сьогодні в Північному апеляційному суді відбувається слухання по справі, яка має ознаки рейдерської, на думку працівників. Сьогодні тут зібрався колектив компанії "Фармасел". Співробітники прийшли відстояти свої інтереси. Люди не можуть працювати. Це колектив, який забезпечує ліками наших захисників і імпортує ліки, які потрібні не тільки в нашій країні, а й у Європейському Союзі. Сьогодні люди закликають захистити їхні права", — повідомив кореспондент з місця подій. (Today, a hearing is taking place at the Northern Appellate Court in a case that, in the opinion of the employees, has the signs of a raiding case. Today, the Farmasel company workforce has gathered here. Employees came to defend their interests. People cannot work. This is a workforce that supplies our defenders with medicines and imports medicines that are needed not only in our country but also in the European Union. Today, people are calling for their rights to be protected), a correspondent from the scene reported.

Previously, on 29 September, the Northern Appellate Commercial Court refused to satisfy Farmasel's appeal regarding the asset freeze, leaving the first-instance court's decision of 7 July unchanged. Representatives of the enterprise have already filed a cassation appeal.