EQUITY is a legal advisor of Azovmash Group on restructuring the debt in the total amount of 850 million US dollars.

EQUITY advises Azovmash Group on restructuring its debt to creditors in the total amount of more than 850 million US dollars. Creditors of the client include large banks such as Alfa-Bank PJSC, VTB Bank PJSC, Sberbank PJSC, Ukrerksimbank PJSC. Concurrently, EQUITY lawyers protect interests of the client in a number of disputes related to the collection of its debt in favor of some large creditors.

In terms of the project EQUITY lawyers represent interests of the client in 4 bankruptcy cases. As of today, EQUITY lawyers are successfully supporting bankruptcy of AzovElektroStal PrJSC (the approximate amount of the accounts receivable is 550 million US dollars) and Azovzahalmash (the approximate amount of the accounts receivable is 750 million US dollars). Concurrently, the bankruptcy case is considered to be an additional platform to negotiate with the creditors and search ultimate ways to restructure the debt.

EQUITY team made up of senior lawyer Oleksiy Stepanenko and lawyer Dmytro Tylipskyi under the supervision of partner Oleh Malinevskyi is working on the project.