The Prosecutor’s office submitted information to the Unified Register of Pre-Trial Investigations about criminal offense on alleged illegal transfer of corporate rights to the company, which has our client for an ultimate beneficial owner.
According to Prosecutor's office, the corporate rights were seized and therefore could be transferred to third parties.
For months lawyers of ADVANQ have worked to gather evidence, and so the arguments of the
Prosecutor were proven unsubstantiated. On our motion, the criminal proceeding was terminated because of a lack of constituent elements of the offense. In addition, the seizure of corporate rights imposed by the investigating judge within the criminal proceeding was lifted.