Esquires has successfully defended Solum LLC in a dispute over real estate property rights valued at USD 8.5 million.
Solum LLC is a Ukrainian real estate company associated with Piraeus Bank Group.
According to Esquires, Solum LLC acquired commercial real estate covering 3,501.30 square meters in 2012 at public auction from a bankrupt company for USD 8.5 million. According to Esquires, "this property was in the Piraeus Bank Group mortgage, [and in 2018] after the mortgage terminated in connection with the acquisition of property by Solum, the bankrupt company, taking advantage of the imperfection of the procedural law, filed a lawsuit with a demand for the reclamation of [the] real estate and recognition of the right of ownership."
Ultimately, the firm reports, "the trial and appeal courts upheld the arguments of Esquires' attorneys and rejected the claims of the bankrupt company as unjustified."
The Esquires team included Managing Partner Oleksandr Shkelebey, Partner Viktoria Kovalchuk, and Senior Associate Andrii Kravchuk.
