EQUITY Defended Interests of Azovmash Group of Companies.

On March 28, 2019, the Northern Commercial Court of Appeals upheld the position of PJSC "Azovzahalmash" regarding the necessity to relegate rights of creditors of PJSC "State Expert-import Bank of Ukraine", PJSC "Sberbank", PJSC "Raiffeisen Bank Aval", PJSC "Delta Bank" for more than 8 billion hryvnias from competitive to secured rights.   

Thus, almost half of the rights of competitive lenders have changed their status to secured rights.

EQUITY  lawyers successfully proved their legal position that it was necessary to relegate creditors' rights to secured rights, taking into account the entire amount of debt of the main obligation and without limitation to the contractual value of the collateral in the mortgage/pledge.   

The EQUITY team continues contributing to the shaping of new trends in bankruptcy and debt restructuring. 

The project to restore solvency of the Azovmash group of companies  is dealt with by the EQUITY team consisting of: Oleg Malinevsky, a partner, Dmitry Tilipsky and Oleksiy Stepanenko, senior associates and attorneys, Maksym Halan and Iaroslav Labatyuk,  associates, and Anton Romashko, junior lawyer.