News and developments
SK has successfully defended the rights of the major foreign investor in the criminal investigation
Sayenko Kharenko’s client, POWERCHINA, is the largest state-owned company in China, operating, among others, in the area of alternative energy.
Sayenko Kharenko’s scope of work foresees current consulting on criminal law issues, included legal support of the client during investigative and other actions, representation of the client in the courts of all instances, and unblocking its assets.
As the result, Sayenko Kharenko’s team received the official response confirming that the client is no longer under criminal investigation.
Power Construction Corporation of China, branded as POWERCHINA, is a wholly State-owned company administered by the State-owned Assets Supervision and Administration Commission and part of the heavy and civil engineering construction industry. POWERCHINA consists of 779 companies. In 2020, POWERCHINA ranked 157 among Fortune Global 500 companies and 41 among Top 500 Enterprises of China.
Sayenko Kharenko’s team working on the project included counsel Zlata Simonenko, senior associate Volodymyr Adonin, and associate Yevhen Myroshnykov under the supervision of partner Sergiy Smirnov.