Banking and Finance

Experience

• Restoration of creditor’s rights over the pledged assets

  Full legal support of the creditor in a dispute with Ukrainian borrower on invalidation of the borrower’s actions with the pledged property and restoration of creditor’s rights over such property. As a result of court trials all borrower actions with pledged assets were declared unlawful and the right of the creditor as a pledgee were restored.

• Consulting on debt restructuring

  GOLAW provided legal advice to Procredit Bank on debt restructuring under a loan agreement: estimation of risks related to refinancing or postponement of the due date of repayment, elaboration of the action plan of protection of Procredit Bank’s interests in case of future default, drafting legal documents on refinancing of the loan.

• Legal due Diligence of the Borrowers

  GOLAW conducted full legal due diligence of the borrowers of the Procredit Bank, as well as their assets in Ukraine and abroad for the compliance of their activity with the current legislation of Ukraine for granting of the loan facility.

• Creditor’s protection from lawful actions of the borrower

  Full legal support of UniCredit Bank Czech Republic and Slovakia, a.s.м and Export Guarantee and Insurance Corporation of the Czech Republic (EGAP) in a dispute with a major Ukrainian agro holding “Creative group” PJSC regarding the debt recovery under the loan agreement. GOLAW prevented the fraudulent actions of the borrower, elaborated the successful foreclosure strategy on the collateral with further sale of the foreclosed assets at public auction.