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Sayenko Kharenko Successful for Auchan in Illegal Alienation of Property Case

Sayenko Kharenko Successful for Auchan in Illegal Alienation of Property Case

Ukraine
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Sayenko Kharenko has successfully represented the interests of the Auchan Group in what the firm calls a "high-profile case" involving the illegal alienation of ... land plots belonging to it worth USD 10 million in the Odessa region of Ukraine.

According to Sayenko Kharenko, the firm applied to Ukraine's Temporary Special Commission for the Protection of Investors’ Rights for relief. According to the firm, "during the consideration of the appeal, several TSC meetings were held, which resulted in a decision in support of the position of Sayenko Kharenko’s client."

According to Sayenko Kharenko Counsel Zlata Simonenko,“the decision taken by the TSC is an example of parliament providing crucial support to business in Ukraine. And when it comes to protecting the rights of a foreign investor and, as a consequence, increasing the investment attractiveness of the country, it is impossible to overestimate this support." Simonenko went on to thank the People’s Deputy of Ukraine and the head of the TSC, Halyna Yanchenko, "for her help and active position in considering our appeal." According to Simonenko, "it is too early to celebrate the victory, but I am sure that we are on the way to a successful resolution of the sensational case.”

In addition to counsel Simonenko, Sayenko Kharenko's team included Partner Sergiy Smirnov.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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