Blatant disregard for rule of law in Kyiv Court of Appeal: Austrian group AMIC Energy continues its appeal against the unfounded seizure of its property in Ukraine

Kyiv, October 21, 2022: AMIC Energy group strongly disagrees with the decision of the Kyiv Court of Appeal (KCA), which, based on the results of the court session on October 20, refused to cancel the unjustified arrest of the authorised capital of FDI "AMIC Ukraine". AMIC Energy group is already preparing a further appeal against the seizure to the court of the first instance.

Contrary to the provided evidence, the Kyiv Court of Appeal referred in the title of its press release to the alleged connection of the AMIC gas stations network with the russian federation. With regards to this nonsense, we consider it necessary to note the following:

AMIC Energy Group will not leave such outrageous violations without a legal response. Unfortunately, some authorities in Ukraine still have a long way to go to understand the principles of the rule of law and the status of a candidate for the EU membership.

Context:

On August 18, 2022, the Economic Security Bureau of Ukraine (ESBU) published information on the arrest of the real estate and the trademark of FDI "AMIC UKRAINE". The reason for the decision to arrest was the company's alleged tax evasion during 2015-2022, as well as its "connection" with the aggressor country.

AMIC UKRAINE considers both accusations groundless and unfounded and sees the actions of ESBU as signs of intentional illegal pressure on a foreign investor. The company's management strongly disagrees with the ESBU's arbitrary accusations and continues to appeal the illegal decision by all means and tools provided by law.