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Restructuring, Claims and Recoveries

Services

Counseling at the financing/risk insurance stage

Сounseling at the default stage or during restructuring

Overview

Matters in the sphere of restructuring and non-performing loans (NPL) require not only a thorough theoretical knowledge of legislation, but also a considerable amount of practical experience. GOLAW’s attorneys represent the interests of Ukrainian and foreign financial institutions such as private and public insurance companies and international banks in providing financing, debt restructuring and resolving disputes with unconscientious debtors.

Our firm’s lawyers have substantial experience dealing with issues such as the legal audit of borrowers and their assets, preparation of collateral contracts (mortgage, pledge), development of legal and GR-strategy of protection of financial institution’s rights against fraudulent actions of debtors, foreclosure of the pledged (mortgaged) property, including through court proceedings. 

GOLAW represented the interests of a state-owned Czech bank as a scheduled creditor during the debtor’s bankruptcy proceedings in Ukraine, and accompanied the enforcement of the foreclosure on the pledged integral property complex. In addition, the firm advised a foreign holding company on the restructuring of non-performing liabilities in order to optimize the activity of the company. The main advantage of GOLAW is the existence of a restructuring strategy on the one hand, and the ability to adapt well-tested legal protection instruments for the individual needs of each client, on the other.

Iryna Kalnytska

Iryna Kalnytska

Partner, Head of Tax practice, Restructuring, Claims and Recoveries practice, Attorney at law

  • Recognitions
  • The Legal 500 EMEA 2020
  • Best Lawyers, Ukraine 2020
  • Who’s Who Legal 2020
  • Ukrainian Law firms. A Handbook for Foreign Clients 2019

Experience

  • Advising Expobank СZ a.s. in a dispute with unfair debtor and receivables assignment process

    Full legal support of Expobank СZ a.s., one of the leading financial institutions in the Czech Republic, in a loan dispute with a major Ukrainian glass factory; restoration of the bank’s rights over the pledged assets and successful sale of the receivables

  • Representation of Export Guarantee and Insurance Corporation of the Czech Republic interest in a debt restructuring process

    Full legal support of EGAP (Export Guarantee and Insurance Corporation of the Czech Republic) in a dispute with a major Ukrainian agroholding regarding the debt recovery under the loan agreement, blocking fraudulent bankruptcies of the borrower, successful foreclosure on the grain elevator and further sale of the foreclosed assets at public auction

  • Advising Česká exportní banka, a.s. (ČEB) and Export Guarantee and Insurance Corporation of the Czech Republic in a foreclosure on the collateral process

    Full legal support of the Česká exportní banka, a.s. (ČEB) and EGAP (Export Guarantee and Insurance Corporation of the Czech Republic) in a complex loan dispute with Kuzmyntsi Brick Factory. Restoration of the bank’s right over the mortgaged assets, initiating bankruptcy of the borrower and successful foreclosure on the brick factory and the land plot with its further sale at public auction as an integral property complex

  • Advising ProCredit Bank in a debt restructuring process

    GOLAW provides complex legal support ProCredit Bank in the pre trial debt settlement with the subsequent restructuring  of the debt

Key lawyers

Valentyn Gvozdiy
  • Managing Partner, Attorney at law
Sergiy Oberkovych
  • Senior Partner, Attorney at law
Iryna Kalnytska
  • Partner, Head of Tax practice, Restructuring, Claims and Recoveries practice, Attorney at law
Kateryna Manoylenko
  • Partner, Head of Litigation and Dispute Resolution practice, Attorney at law
Olena Sulyma
  • Senior Associate, Attorney at law
Find a professional

Testimonials

Galina Kočendova

Deputy Director at Claims Settlement and Debt Recovery Department
Export Guarantee and Insurance Corporation (EGAP)

EGAP as a credit insurance corporation insuring credits connected with exports of goods and services from the Czech Republic against political and commercial risks has been co-operating with GOLAW for many years. Starting from the year of 2015 we have been co-operating very intensely. We really appreciate their progressive approach to solving complex legal issues of claims recovery in Ukraine. We have profited from GOLAW’s attorneys ability to select and follow a winning strategy and from their business oriented approach. As a result of this approach our insured bank foreclosed upon an asset that has been nearly lost due to unlawful action of the debtor and is close to substantial recovery.

Ruben Oganyan

Head of Сredit risk department
ProCredit Bank

We highly appreciate professional legal assistance from GOLAW on supporting our bank as a lender in Ukraine. The firm is an ideal option for clients seeking advice on complex multi-jurisdictional transactions including syndicated lending and project finance transactions. They are extremely business-focused and solution-driven. It’s easy to work with the team as they listen to clients’ needs. The personal touch they have is beyond other firms.

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