EQUITY Team Continues To Successfully Protect Interests of Azovmash Group

On June 17, the Cassation Commercial Court consisting of the Supreme Court supported the position of the debtor in the case of bankruptcy of Torhovyi Dim Azovzahalmash House of Commerce PrJSC by upholding the decisions of the courts of lower instances to dismiss the current claims of the creditors in the total amount of almost 2 billion hryvnas. Ukrerksimbank PJSC was denied recognition of its claims in the amount of 764 million hryvnas, Sberbank PJSC was denied recognition of its claims in the amount of 491 million hryvnas, Delta-Bank PJSC was denied recognition of its claims in the amount of 310 million hryvnas, and the Raiffeisen Bank Aval was denied recognition of its claims in the amount of 197 million hryvnas.

EQUITY attorneys have proved the legal position as to impossibility to accrue interests for using the loan after expiration of the crediting period as well as institution of bankruptcy proceeding.

EQUITY team keeps on contributing into development of new approaches in the sphere of bankruptcy and restructuring troubled indebtedness.

The EQUITY team made up of partner Oleh Malinevskyi, counsels Oleksiy Stepanenko and Dmytro Tylipskyi, attorney Yaroslav Labatiuk is working on the project of restoring solvency of Azovmash Group.