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Esquires Successful for Solum in Lifting Property Arrest

Esquires Successful for Solum in Lifting Property Arrest

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Esquires has successfully represented Solum before the Darnytskyi District Court of Kyiv in lifting the arrest imposed upon a 3,500-square-meter property purchased at public auction.

According to the firm, the arrest on Solum's property was imposed by the Ukrainian Security Service, as a material piece of evidence in a criminal investigation. "The investigation relates to the illegal takeover of property belonging to the State Space Agency of Ukraine in 2012," Esquires reported. "In this criminal proceeding, the notice of suspicion was served to the officials of the enterprise under Art. 191 and 366 of the Criminal Code of Ukraine and the amount of damage caused to the state is estimated to be more than UAH 40 million."

The firm argued "the absence of any reasons for applying the arrest as a remedy in the criminal proceedings." The Darnytskyi District Court of Kyiv issued its ruling on June 25, 2021.

Esquires has also represented Solum on a related real estate dispute in 2020 (as reported by CEE Legal Matters on June 19, 2020).

The Esquires team included Partner Opanas Karlin.

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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