25.10.19

Advocates Bureau Yug successfully defended the foreign bank in debt recovery case of large sum of money in Twelfth Commercial Appeal Court.

Advocates Bureau Yug successfully defended the foreign bank in debt recovery case of large sum of money in Twelfth Commercial Appeal Court.

The lawsuit subject was the debt recovery of more than 3 million euros under the loan agreement. The foreign bank acquired a large debt under the claim assignment contract and the debtor repaid voluntarily only a small part of the debt.

During the case consideration, our opponents tried to challenge legality of interests’ recovery on overdue debts and penalty size, and tried to delay the case consideration in every possible way. ABY’s lawyers were able to justify in the court legality of the claims, thus, the court dismissed the defendant’s unreasonable claims aimed at delaying the case consideration.

As a result, the Saratov Region Commercial Court ruled to satisfy claims of the foreign bank. The Twelfth Commercial Appeal Court of Saratov upheld the decision. Both courts heard the case in a short time, which was a critical condition for our client.

Zakhar Khrebtov represented the client’s interests in the court.

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