10:34 10.07.2018

Court rules to transfer Mezhyhirya Residence to ARMA

2 min read
Court rules to transfer Mezhyhirya Residence to ARMA

Kyiv's Pechersky District Court has ruled to transfer the state-owned Mezhyhirya Residence in Vyshgorod district, Kyiv region, where former President of Ukraine Viktor Yanukovych used to live, to the Asset Recovery and Management Agency (ARMA).

The relevant court ruling dated May 29 on the transfer of the earlier arrested assets was promulgated in the Unified Court Rulings Register on July 5, 2018.

According to the document, the real estate unit "Recreation and Health Center" at 19 Ivana Franka Street and the houses at 18 Ivana Franka Street and 123a Mezhyhirska Street in Novi Petrivtsi village, Vyshgorod district, must be transferred. In addition, the court ruled to transfer 100% of Tantalit LLC's statutory fund in amount of UAH 146.629 mln, a house with the area of 918,600 square meters, an apartment with the area of 239,400 square meters, two car sheds, and a recreation land plot with the area of 1.77 hectares in the territory of Novi Petrivtsi Village Council but outside the village.

The ruling reads that the assets should be transferred with the aim of sale or transfer to another manager under an agreement in line with the law on the Asset Recovery and Management Agency.

Pechersky District Court arrested the property of the Mezhyhirya Residence on July 13, 2015. Kyiv Court of Appeals upheld the court’s ruling on August 10, 2015.

On August 1, 2017, Kyiv Economic Court of Appeals ruled to declare void 2007 agreements under which the Mezhyhirya Residence was removed from state property.

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