Head of real estate and commercial law practice
Specialist in the field of commercial law and process. Real estate, construction support; land law and protection of property ownership.
Consultation on legal ways to manage assets under arrest
Since the establishment of the Asset Tracking and Management Agency (ARMA), legal support in matters of managing seized property has become extremely relevant. This tool provides the ability to effectively manage seized property in order to prevent its depreciation or loss of value. However, the complexity of legal procedures, numerous nuances and strict legislative requirements make this area extremely difficult to manage independently. Consultations on legal methods of managing seized assets from an experienced lawyer at Prykhodko and Partners will help protect your rights.
The Law of Ukraine “On the National Agency of Ukraine for Identification, Tracking and Management of Assets Obtained from Corruption and Other Crimes” defines the legal and organizational principles of the functioning of ARMA.
Why is it difficult to do without a lawyer for legal ways to manage property under arrest?
Ukrainian legislation on seized property and the work of ARMA is very detailed and complex. Each stage of managing such assets requires a clear understanding of the constantly changing legal norms and procedures. For example, the correct execution of documents for transfer to the Agency’s management requires attention to detail. The slightest mistake can lead to delays, fines, or even the risk of losing the right to manage the property. Without legal advice in such situations, the owner or manager of the assets can quickly encounter unforeseen difficulties.
One of the main tasks of legal advice in this context is to ensure that the rights and interests of the owner of the capital are not violated. ARMA has broad powers in asset management, which even includes the possibility of selling the property in some cases. Without a lawyer to ensure control over the process, the owner risks losing control of the asset or incurring losses.
Seized property is subject to high risk due to possible litigation, challenges to ownership rights, claims from other interested parties, etc. A competent lawyer will provide advice and help develop a strategy for managing such risks, which will include monitoring changes in legal cases, protecting the owner’s rights and preserving the value of assets. In the absence of professional legal support, the owner of capital may find himself in a situation where unprotected assets simply lose value or even be confiscated.
Consultation with a specialized lawyer
The main stages of managing property under arrest
Legal advice in this process covers all stages, from the transfer of property to ARMA to its possible return to the owner after the investigation is completed. The main stages include:
- Preparation of documents for the transfer of assets under the administration of ARMA. This is a critical stage, at which special attention is paid to the legal correctness and compliance of all documents. Even the smallest shortcomings can have serious consequences.
- Analysis and valuation of capital. Lawyers of the company “Prykhodko and partners” help to assess the value of assets and possible risks, which ensures transparency of the process and allows you to build the right management strategy. The agency must make an informed decision on how to effectively administer capital to preserve it and, if possible, increase its value.
- Monitoring of ARMA’s actions and compliance with the rights of the owner. The lawyer ensures that the Agency’s actions comply with the law and do not violate the rights of the owner. This includes monitoring that the management process does not lead to depreciation of assets or losses.
- Legal representation in the event of an appeal of ARMA’s actions. If the owner of the assets or another interested party believes that ARMA’s decision violates their rights, the lawyer helps to prepare and file an appeal. Independent representation in court in such complex matters is practically impossible, so professional legal support is necessary.
Why is it important to have constant legal support?
Even if the process of transferring property to ARMA is completed, this does not mean that the owner of the asset or his representative can be confident in the stability of the situation. Management of assets under arrest requires constant monitoring and quick response to any changes. Without professional legal advice, the owner risks encountering the following problems:
- Risk of loss of asset due to non-compliance with management conditions.
- Insufficient control over the use of the asset.
- Possible losses as a result of poor administration.
A lawyer specializing in ARMA issues ensures that all legal aspects will be taken into account and risks will be minimized.
Additional benefits of legal support in ARMA matters
- Prevention of litigation. A competent lawyer can identify potential conflicts at an early stage and prevent them from escalating into litigation. For example, if the rights to an asset are contested by several parties, a lawyer can help to quickly resolve the dispute, avoiding costly and lengthy litigation.
- Financial benefits and effective asset management. Legal support not only helps to avoid fines and losses, but also allows you to ensure effective asset administration. ARMA manages capital for the benefit of the state, but a competent lawyer can influence the preservation or even growth of the value of the asset.
- Protection of confidential information. Asset management is often associated with access to confidential information about the owner’s business or financial affairs. A lawyer will help ensure the safety of this information by monitoring the actions of ARMA and preventing leaks.
Conclusion: why should you contact a lawyer?
Consulting on the management of assets under arrest is not just an explanation of the legislation, it is the protection of the owner’s interests, strategic risk management and ensuring effective property management. A lawyer becomes an indispensable partner who helps to preserve assets and avoid possible losses. Without professional support, it is extremely difficult to ensure full control over the situation, compliance with the rights and interests of the owner and the effectiveness of asset management.
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In which regions of Ukraine do you work?
The department of real estate and land law, as a rule, works in Kyiv and the Kyiv region.
- We provide our services in all regions of the Kyiv region, for example:
- Bilotserkiv district (towns of Skvira, Tarasha, Bila Tserkva, Uzyn, Tetiiv).
- Boryspil district (the cities of Boryspil, Pereyaslav, Yagotyn).
- Brovary district (the cities of Brovary, Berezan).
- Buchansky district (towns of Bucha, Irpin, Vyshneve).
- Vyshhorod district (the cities of Vyshhorod, Slavutych).
- Obukhiv district (towns of Obukhiv, Boguslav,
- Vasylkiv, Kagarlyk, Myronivka, Rzhyshchiv, Ukrainka).
- Fastiv district (the cities of Fastiv, Boyarka).
It is worth noting that on some issues (services) we work throughout Ukraine, contact and clarify information by phone!
Do you provide consultations online or over the phone?
Yes! If you do not have the opportunity to come to the office in Kyiv, then you can pay and receive a consultation by phone or in one of the applications for conducting calls/conferences.
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