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Aequo Successful for Darnitsa in Dispute over Acquisition of Ukrainian Chemical-Pharmaceutical Plant

Aequo Successful for Darnitsa in Dispute over Acquisition of Ukrainian Chemical-Pharmaceutical Plant

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Aequo has successfully defended the rights of Ukraine's Darnitsa pharmaceutical company to the shares of the Borshchahivskiy chemical-pharmaceutical plant in the Supreme Court of Ukraine. 

Darnitsa acquired 3,100 shares (29.95% of the charter capital) of the SIC Borshchahivskiy chemical-pharmaceutical plant from the Department of Kyiv Communal Property at a privatization auction on March 20, 2015.

According to Aequo, “on October 29, 2020, the Supreme Court granted the cassation appeal of Darnitsa and canceled the groundless resolution of the Northern Commercial Court of Appeal from August 25, 2020, concerning [the] acquisition of shares of the SIC Borshchahivskiy chemical-pharmaceutical plant by Darnitsa ... and ultimately confirmed [the company's] right to the shares.

The Supreme Court’s decision is final and not subject to further appeal. “Earlier,” Aequo report, “the Supreme Court also confirmed the validity of the decision of the Antimonopoly Committee of Ukraine on granting Darnitsa merger clearance for its acquisition of the above-mentioned shares.”

Aequo’s team included Counsel Yevgen Levitskyi and Associate Oleksandr Zubrytskyi.

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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