The Anti-Raider Office of the Ministry of Justice of Ukraine has satisfied the complaint filed by Hillmont Partners on behalf of its client, Madison Pacific Trust Limited. Madison Pacific Trust Limited represents the US lender Argentem Creek. The complaint requested cancellation of an illegal registration action to change the manager of Olympex Coupe International.
In May 2024, the state registrar performed a registration action whereby the company’s manager was replaced with a person close to the former owners of GNT Group. This registration contradicted the Decision of the Western Economic Court of Appeal issued in April 2024 to appoint the insolvency receiver as the manager of Olympex Coupe International.
Lawyers of Hillmont Partners and Avellum jointly prepared the evidence base and developed a legal position on the illegality of this registration action. The team proved that the registration action was made in gross violation of Ukrainian legislation and international treaties, and thus stopped another attempted corporate raid of GNT Group by the former owners of the business.
The case was handled by Senior Associate Bohdan Novyk and Counsel Oleksii Miagkyi led by Hillmont Partners’ Senior Partners Valentyn Zasukha and Andrii Nyzhnyi. On Avellum’s side the case was led by Senior Partner Kostiantyn Likarchuk and Partner Vadim Medvedev with significant input from Managing Associate Oleksandra Serova and Senior Associate Kristina Mysenko.