Ukraine's Esquires Attorneys at Law has successfully represented Trade and Logistic Complex Arctic LLC in a dispute involving a former director of the company's unlawful transferring of equipment related to the supply of electricity to a complex of storage and food production facilities covering a total area of more than 20 thousand square meters to the ownership of another company that he was affiliated with.
According to Esquires, "these actions of the fraudulent director led to the loss of 90% of the company’s profits and put at risk the normal functioning of the property complex, [which is] valued at over UAH 330 million."
Acting on behalf of Trade and Logistic Complex Arctic, Esquires persuaded the Commercial Court to rule the Purchase and Sale Agreement of the property invalid, in the words of the firm, "due to the malicious agreement entered between the former director of the company with the other party."
The Court's decision was upheld both by the court of appeals and the court of cassation. "At the same time," Esquires reports, "while considering this case, the Grand Chamber of the Supreme Court resolved an exceptional legal problem regarding the disparate application by the courts of the rules regarding the legal relations of representation and ensured the development of law and formation of a single law practice."
