Today, 25 October, Attunda District Court announced its judgment. The judgment concerns a much-discussed transaction regarding the property Upplands-Bro Tång 2:2, entered into between Upplands-Bro Municipality and Kilenkrysset AB in 2012. The judgment announced today finds that Kilenkrysset does not have a better right to the property.
“It is extremely disappointing, and it shows that something is completely wrong in the legal system. Everyone agreed during the trial, both the municipality's representatives and we, that this was never the intention when we made the deal almost 10 years ago,” says Jan Persson, CEO and owner of Kilenkrysset.
“The intention was that the property would revert to Kilenkrysset if a buyout was called for, and we will of course fight for that all the way to the highest court. Morally, we have right on our side. It is now up to the next court to decide whether the morality of a transaction has any value, or whether the municipality may behave however it likes towards property owners.
In practice, the judgment means that this municipality can trick its way into a property with a land value of more than SEK 160 million. The municipality has claimed in the trial that Kilenkrysset should have anticipated that risk. A handshake is apparently not enough in this municipality. We will appeal and pursue this as far as we possibly can,” continues Jan Persson.
Attached are the agreements entered into in 2012; see Appendix K1, Appendix K2 and Appendix K3.
