INTEGRITES is proud to announce that its team helped the Client prevail in hard-fought litigation in front of the commercial court of appeals and, ultimately, the Supreme Court. The firm acted for Euroins Ukraine, a Ukrainian insurance company (part of large European financial services holding), against its former minority shareholder and senior manager. The latter challenged important corporate resolutions adopted by the Client’s shareholders. In the outcome, the claims against our Client were denied in full.
The winning team included Oksana Riabinina, Associate, and Anastasiia Solenova, Paralegal, who worked under the supervision of Dmytro Marchukov, Head of Cross-Border Litigation. “We are glad to bring the result to the Client, which is aimed for and which, no doubt, it deserved. The claims, which Euroins Ukraine had to defend, were part of a broader attack against its main shareholder that was conceived as from Day 1 – if not Day 0 – after it came to Ukraine. The opposite result would have created all sorts of problems for the Client’s business further down the road. Therefore, this case was a huge responsibility for us,” – said Dmytro Marchukov.
The Client’s local company has worked on the Ukrainian insurance market since 1992. It is licensed to provide its services with respect to almost every type of mandatory and non-mandatory insurance. In August 2016 Euroins Insurance Group AD (one of the largest independent insurance groups in South-Eastern Europe) became the 99% shareholder of the local subsidiary, which the following month was renamed into Euroins Ukraine. The group boasts over 2 million clients, 1 400 employees and EUR 250 million annual income.
INTEGRITES is a team of professionals who are always focused on the Clients’ needs and targets. We advise our clients on the wide range of transactional, corporate, financial, litigation, regulatory and other matters providing them with the tailored solutions to help address their business difficulties and related legal issues.