EQUITY has successfully defended the interests of investors Ihor Mazepa, Ivan Oliinyk and Oleg Vedmid in a complex, multi-layered dispute concerning the Mainitske gas field

The dispute arose due to attempts by the former owners of corporate rights in Navigator Maynitske LLC to regain control of their share in the authorised capital through the courts, citing an allegedly incomplete settlement for its disposal, specifically the non-payment of US$3 million.

EQUITY developed and implemented a comprehensive legal strategy, which led to a key outcome: the court dismissed the former shareholders’ claims for the return of their stake.

Subsequent legal proceedings concerned the review of the terms of the agreement for the sale and purchase of corporate rights and attempts to have it declared invalid. As a result of the effective work of EQUITY’s lawyers, the parties reached a mutually beneficial settlement: the investors were fully reimbursed for the funds paid, and the corporate rights were transferred back to the former owners.

In parallel, the opposing party initiated criminal proceedings under Part 5 of Article 191 of the Criminal Code of Ukraine, which were accompanied by searches, seizure of property and significant pressure on the investors’ business.

EQUITY’s lawyers built a solid evidential base and developed a compelling legal position, which led to the closure of the criminal proceedings due to the absence of a criminal offence, the full resumption of the companies’ operational activities, and the return of the seized property to its rightful owners.

The project was worked on by: partner Sergiy Chuyev, Counsel Sergiy Kirich, Senior Associate Hlib Tymofiiuk, Associate Bohdan Prachun, Junior Associate Dmytro Mishchenko.