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Courts to decide fate of tender to manage Morshynska assets: why this is a predictable outcome of ARMA’s actions The Asset Recovery and Management Agency’s (ARMA) tender to select a manager for the corporate rights of the IDS Ukraine group of companies, which was supposed to exemplify the state’s new approach to complex assets, did not end as the Agency itself sought to portray it. Instead of a transparent selection of a qualified manager, we now have a new court case, questions about the economic rationale behind the bids, four companies lacking adequate resources among the five bidders, and the central mystery: who will actually stand behind the nominal manager of a multibillion-hryvnia business. And this legal saga is only beginning. 14 0 Previously in trend: Transfer of assets and funds to the Asset Recovery and Management Agency (ARMA) 
