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Esquires Successful for Solum in Dispute Over Real Estate

Esquires Successful for Solum in Dispute Over Real Estate

Ukraine
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Esquires has successfully defended Solum LLC in a dispute over real estate property rights valued at USD 8.5 million.

Solum LLC is a Ukrainian real estate company associated with Piraeus Bank Group.

According to Esquires, Solum LLC acquired commercial real estate covering 3,501.30 square meters in 2012 at public auction from a bankrupt company for USD 8.5 million. According to Esquires, "this property was in the Piraeus Bank Group mortgage, [and in 2018] after the mortgage terminated in connection with the acquisition of property by Solum, the bankrupt company, taking advantage of the imperfection of the procedural law, filed a lawsuit with a demand for the reclamation of [the] real estate and recognition of the right of ownership."

Ultimately, the firm reports, "the trial and appeal courts upheld the arguments of Esquires' attorneys and rejected the claims of the bankrupt company as unjustified."

The Esquires team included Managing Partner Oleksandr Shkelebey, Partner Viktoria Kovalchuk, and Senior Associate Andrii Kravchuk.

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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