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Automatically translated version. May contain inaccuracies compared to the original.
The appeal in criminal case No.761/28820/23, in which the dispute concerns the corporate rights of Credo Solutions LLC and other assets, is ongoing at the Kyiv Court of Appeal. According to the available court registry, the last recorded ruling of the appellate instance in this case is dated 20 February 2026, and the proceedings are related to the verdict of the Pecherskyi District Court of Kyiv concerning Dmytro Sviatash, media report.
On 3 June 2024 the Pecherskyi District Court of Kyiv found Sviatash guilty on a number of articles of the Criminal Code and sentenced him to 12 years imprisonment with confiscation of property. The court also granted the civil claim of Ukrainian Metallurgical Company LLC and ordered recovery of more than 2,288 billion UAH in material damages in its favor. As part of that verdict, the court applied special confiscation to a number of real estate objects and corporate rights, including Credo Solutions LLC, Ukrbiznes LTD, Legalplace, and other companies. Funds obtained from the sale of confiscated assets were designated by the court to compensate the losses of Ukrainian Metallurgical Company, with any remainder becoming state property. The story with Credo Solutions began long before the verdict. In 2018 the corporate rights of the company were arrested in a criminal proceeding, after which they were transferred to ARMA for management and preservation of economic value. In August 2022 the Shevchenkivskyi District Court of Kyiv also imposed an arrest on a 100% share in the company’s charter capital. On 8 May 2024 the Pecherskyi District Court of Kyiv cancelled the transfer of Credo Solutions’ corporate rights to ARMA and transferred the asset into the custody of Ukrainian Metallurgical Company LLC. The court placed on the company’s representative duties for operational management of the asset and preservation of its economic value. Court materials state that Credo Solutions is linked to Neon City Group LLC, which owns a stake in the company’s charter capital. Due to the arrest of corporate rights, the participant cannot freely dispose of them, including transferring them to another person.
The litigation has a significant financial dimension. In addition to Credo Solutions’ corporate rights, the verdict addresses numerous real estate objects and corporate rights of companies associated with the AIS group. The amount of material damage established by the court exceeds 2,28 billion UAH, which defines the direct economic interest in the further fate of the confiscated assets. According to the verdict, the criminal proceeding concerned, in particular, the disposal of assets of the Spivdruzhnist KOMP corporation and related enterprises, as well as transactions with claims under loans. The court concluded there were grounds to apply special confiscation to the property and corporate rights listed in the verdict. At the same time, claims that payments were allegedly made to the chairman of the Kyiv Court of Appeal Yaroslav Holovachov or to the panel’s judges of $50 thousand per month for delaying these proceedings are not confirmed by the official court documents found. Likewise, the available case materials do not contain a fact established by the court of a corrupt agreement concerning the appeal review, so these claims cannot be presented as an established fact. Court portal data indicate that case No.761/28820/23 is a criminal proceeding, not a separate civil or commercial case regarding the assets. In June 2024 the Supreme Court considered a cassation appeal against the Kyiv Court of Appeal’s decision in this proceeding, and as of February 2026 the appellate review continued. Thus, the further fate of the confiscated assets depends on the completion of the verdict’s appellate review. Separately remains the issue of enforcing the decision to compensate more than 2,288 billion UAH to Ukrainian Metallurgical Company and the sale of property subject to special confiscation.
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Document: PDF proof of the original version of the news item "Олександр Ярославський: апеляція щодо мільярдних активів зависла". It records the publication content at the moment of the first scan, the preservation date and the source: Fraza.
