Shopping Mall in Kharkiv

Protection of ownership rights to a shopping mall building

Our Client

The client is the owner of a company that possessed a shopping mall in Kharkiv with a total area of 20,000 m².

Challenge

The client’s property was fraudulently removed from their ownership through a series of unlawful actions and dishonest corporate practices.

Asset Stress

A long-standing litigation history

Multiple legal proceedings in Ukraine and abroad

Unlawful actions by the insolvency administrator and the former owner

Concealment of a fraudulent transfer of assets

The limitation period

Significantly exceeded the statutory timeframe

Client Outcomes

The SVP team developed and implemented a comprehensive defense strategy that included litigation in both Ukraine and Belize.

The lawyers restored corporate control over the company, secured the return of the shopping mall from unlawful possession, and proved the fact of a fraudulent transfer of assets.

In early 2023, the Supreme Court of Ukraine finally confirmed the client’s ownership rights. In May–June 2023, a public auction was held, enabling repayment of over 75% of the company’s debts.

On November 1, 2023, the purchaser officially registered ownership of the asset.

Asset Revitalization

Added Value Delivered:

Restored ownership of a strategically important asset.
Secured repayment of the majority of debts owed to legitimate creditors and the state.
Eliminated the risk of repeated unlawful asset dispossession.
Set a legal precedent for protecting businesses from fraudulent property and bankruptcy schemes.
Strengthened investor confidence by demonstrating that creditor rights can be effectively upheld within the rule of law.

The Next Project

UAH 4.5 billion debt restructuring for “Liga” Company

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