NEWS (August 16, 2012)

Sayenko Kharenko represented OTP Bank in debt collection dispute

Sayenko Kharenko successfully represented PJSC OTP Bank, one of the largest banks with foreign capital in Ukraine, in court proceeding at the Commercial Court of Dnepropetrovsk Region against the borrower, LLC HEKRO PET Ltd, and the property guarantor, LLC Terminal Fordon, concerning collection of debt under the loan agreement and foreclosure against the mortgaged property.

Despite continuous attempts of the borrower and the property guarantor to delay the proceeding, the borrower was ordered by the court judgment to repay to OTP Bank substantial amount of debt. In addition, the court also ordered foreclosure against the mortgaged property, a 14 hectares land plot located in Odessa region.

Sayenko Kharenko's team was led by partner Sergey Pogrebnoy and included senior associates Anton Zhdanov and Petro Batiuk, and associate Oleksiy Gerasymchuk.

Subscribe
The Ukrainian Journal of Business Law

Subscribe to The Ukrainian Journal of Business Law right now and enjoy the most relevant issues on doing business in Ukraine on your device or in print.

All this for just USD 9.99 a month.

 

Subscribe now