EQUITY Protects Interests of Furshet Supermarket Chain Owner

EQUITY successfully protects interests of Frosbi-M LLC, the owner of Furshet supermarket chain, in its dispute with Zlatobank PJSC.  

In 2015 a team of EQUITY lawyers initiated proceedings to have obligations under a loan agreement found terminated by set-off of homogeneous claims under loan and deposit agreements in the total amount of more than two million dollars. In response the Bank initiated two disputes to have the aforementioned agreements found invalid.

On September 21, 2016, EQUITY successfully protected interests of Frosbi-M LLC, the owner of Furshet supermarket chain, in its dispute with Zlatobank PJSC in the High Commercial Court of Ukraine. The subject matter of the dispute concerned the client's claims to have obligations under a loan agreement found terminated by set-off of homogeneous claims under loan and deposit agreements. The total amount of the claims was more than two million dollars. 

On March 15, 2017, EQUITY successfully protected interests of Frosbi-M LLC in its dispute with Zlatobank PJSC in Kyiv Commercial Court. During that year EQUITY lawyer represented interests of Frosbi-M LLC in three disputes over validity of agreements on set-off of homogeneous claims by Frosbi-M LLC to the Bank resulting in termination of the loan enforcement proceedings.