EQUITY SUCCESSFULLY REPRESENTED HELEN MARLEN GROUP IN A DEBT SETTLEMENT DISPUTE

On March 27, 2017, EQUITY Law firm successfully represented interests of HELEN MARLEN GROUP in Pechersky District Court in Kyiv, which ruled in favor of the client in a dispute with PJSC "Delta-Bank".

The remedy sought in the dispute was invalidity of credit agreements and mortgage agreements between the parties for the total amount, as estimated by the Bank, exceeding 17 million dollars. Rights under said agreements were considered by the Deposit Guarantee Fund for sale in the process of liquidation of PJSC "Delta-Bank".

EQUITY lawyers’s position was based on the fact that the terms of credit agreements: a) contain significant imbalance of contractual rights and obligations to the detriment of the consumer; b) provide for the obligation to conclude another contract with a third party specified by the lender; c) discriminate against the consumer including rules regarding interest rate changes; d) are unfair; e) are contrary to the provisions of the Law of Ukraine "On Protection of Consumer Rights”.

The case was handled by EQUITY legal team composed of a counsel Serhiy Kyrych and a lawyer Dmitro Tylipskiy and supervised by a partner Oleh Malinevskiy.

Certificate:

«Helen Marlen Group» - a leading Ukrainian retail company specializing in premium-category clothing, footware and accessories. The company's history began in 1994 with the opening in Kiev of the first multibrand store of footware and accessories. «Helen Marlen Group» was the first company to cooperate with European producers directly and on a long term basis.