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1 Jul 2022

Aleksey Pavlish

Ukraine: Court arrests corporate rights to Brocard chain of perfumery stores as part of criminal proceedings on financing of Russian agression

The court arrested the corporate rights to the Brocard chain of perfumery stores, 01 July 2022

[Translation provided by Business & Human Rights Resource Centre]

The court put an arrest to 100% of the corporate rights of Brocard-Ukraine LLC, owned by the Cypriot company Indenon Holding Limited, which in its turn belongs to the Russian chain L'Etoile owned by Russian Tatyana Volodina...

...[T]he arrest was imposed in the framework of criminal proceedings on appropriation of property (part 5 of article 191 of the Criminal Code) and financing of aggression against Ukraine (part 2 of article 110-2 of the Criminal Code).