Dispute regarding termination of the construction of a residential and office complex

The lawyers of Vasil Kisil & Partners successfully represented the interests of Budynok Pobutu Obolon PrJSC, a subsidiary of Dragon Ukrainian Properties & Development, in a dispute with the State Emergency Service of Ukraine regarding termination of the construction of a residential and office complex in Kyiv.

The local administrative court dismissed the claim of the State Emergency Service of Ukraine in its entirety. The court found that there were no statutory grounds for termination of the construction considering that all the violations of the fire safety regulations that had been identified in an inspection report were rectified as of the hearing date.

Dragon-Ukrainian Properties & Development plc (DUPD) is a real estate investment company incorporated in the United Kingdom. DUPD's shares have been listed on the London Stock Exchange since June 2007. DUPD was established by Dragon Capital to invest into the development of the real estate market in Ukraine. The project of construction of the residential and office complex in Obolonskyi District in Kyiv is one of the company's investment projects.