Advise on dispute as to the ownership of a Cyprus company

Representative Work

Kinanis LLC acted as a legal advisor to a dispute for the amount of USD 22.000.000,00 as to the ownership of a Cyprus company.

The Claimant alledged that he was coerced by one of the Defendants to hand over to him a certain percentage in the Cyprus company.

The Claimant obtained a freezing order on an ex-parte basis blocking a general meeting that would be held in order to change the Directors of the Cyprus company and amend the memorandum and articles of association of the Cyprus company.

In addition, the Claimant requested for an Interim Receiver to be appointed in the Cyprus company to which the interim application is being opposed.

Criminal proceedings for fraud have also been initiated in Ukraine.