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Golaw Successful for TIU Canada in Solar Power Plant Dispute

Golaw Successful for TIU Canada in Solar Power Plant Dispute

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Golaw has successfully defended the interests of Canadian investor TIU Canada over a solar power plant disconnection.

TIU Canada is a Canadian investor that has invested more than USD 65 million in Ukrainian solar energy over the past four years. According to Golaw, “the company put into operation a 10.5-megawatt solar power plant in Nikopol in January 2018, which was illegally disconnected from the grids by the Nikopol Ferroalloy Plant. The plant is owned by Ukrainian oligarchs Igor Kolomoisky, Gennadiy Bogolyubov, and Viktor Pinchuk.”

According to Golaw, “the operation of the solar power plant TIU Canada, a project with about USD 15 million of investments, has been blocked for more than a year due to illegal actions of the Nikopol Ferroalloy Plant, to the grids of which the solar power plant had been connected. The Nikopol Ferroalloy Plant arbitrarily disconnected the station, justifying its actions by the alleged need for repairs. In fact, there have been no repairs so far. The company has been idle for almost a year, and its investor continues to incur multimillion losses.”

According to the firm, “on July 26, the court completed its preparatory actions and the hearing on the merits took place. The representatives of the plant did not appear in court. However, the court heard Golaw attorneys as claimants in the case.

The next hearing is scheduled for September 8, 2021, which will take place in the Northern Commercial Court of Appeal.”

Golaw’s team included Partner Kateryna Manoylenko and Counsel Kateryna Tsvetkova.

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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