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Gestors Successful for UMH in Kyiv Court of Appeal

Gestors Successful for UMH in Kyiv Court of Appeal

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Gestors has successfully represented the Ukrainian Media Holding Group in a dispute with the National Agency for the Prevention of Corruption involving its claim to assets of the Holding Group.

In December 2017, the Kyiv Pechersk District Court seized the property, shares, and corporate rights of a number of UMH's media companies as part of criminal proceedings against the owner of the Eastern European Fuel and Energy Company, Sergei Kurchenko.

The Prosecutor General Office then claimed that the transfer of UMH assets to the National Agency for the Prevention of Corruption (NAPC)  was necessary to limit a suspect from further illegal profit. At the end of January 2018, however, the Kyiv Pechersk District Court ruled that the property of the holding company should not be transferred to the NAPC, as the disputed assets and intellectual property failed to meet the definition of physical evidence for criminal proceedings.

On February 28th, 2018, the Kyiv Court of Appeal upheld the decision of Kyiv's Pechersk District Court. According to Gestors, the Court of Appeal's decision is not subject to additional appeal. UMH's interests were represented by Gestors Partner Vitaliy Makhinchuk.


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