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.