2011-04-25

Interest intermediation of one of the largest banks in Ukrainian banks client bankruptcy case

The debtor – the client of Bank for the purpose of not returning the credit sum exceeding UAH 60.000.000,00 issued by the Client to the debtor initiated “controllable bankruptcy”, therewith in the course of the latter other liabilities against the companies connected with the debtor aroused. The specified claims of "bubble creditors” significantly exceeded the claim of the Client. The dishonourable debtor pressed for non-admission of our Client to the committee of creditors and control of realization of property of the bankrupt enterprise. As a result of combined intensive work of the team of our lawyers under the direction of the partner of Mr. Pavel Nurzhinskiy, the multimillion contracts of “bubble creditors” have been invalidated and, therefore, our client was accepted for committee of creditors.

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