/16
March 2011
Customer of the bank initiated the lawsuit to invalidate a loan agreement worth more than 5 million U.S. dollars, together with lawsuits against the Bank regarding recognition the surety and pledge agreements as null and void. The grounds for annulment of the loan agreement were that the agreements are not signed by an authorized person of the borrower. Subsequently, the dispute was resolved in favour of the bank, namely, our lawyers proved the legitimacy of loan, surety and pledge agreements.