Sun, Apr
64 New Articles

Esquires Helps Translogist Sistem Recover Fraudulently-Taken Funds

Esquires Helps Translogist Sistem Recover Fraudulently-Taken Funds

  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Ukraine's Esquires Law Firm has helped the Translogist Sistem transport and logistics company recover funds that had, according to the firm, been "criminally seized by a sham legal entity in Ukraine."

According to Esquires, "the perpetrators established a sham legal entity with a name similar to that of a real contractual partner of Translogist Sistem, then interfered with the functioning of electronic mail of Translogist Sistem, sending invoices to Translogist Sistem in the amount of EUR 100,000. As a result of the fraud, Translogist Sistem transferred EUR 40,000, for services which were never actually rendered, to the account of said sham company."

Esquires reports that its team "succeeded in halting the cross-border crime, seizing the funds which had been placed in the account of the sham legal entity in a bank, and winning a lawsuit regarding the recovery of the stolen amount by Translogist Sistem." According to the firm, criminal proceedings which it initiated on behalf of Translogist Sistem are still pending.

The Esquires Law Firm team included Partners Opanas Karlin and Viktoria Kovalchuk.

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


Our Latest Issue