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Obligation under a loan agreement secured by a mortgage and a pledge was deemed terminated Back

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TEFFI Law Firm’s lawyers supplemented the portfolio of their won cases with a positive decision in the dispute with PJSC CB Eurobank.

Having received from the authorized person of the Deposit Guarantee Fund a notification of the nullity of transactions for transfer of funds to repay the debt under a loan agreement, the Client applied to the firm requesting a set of legal services related to the resolution of his problem.

One of the effective ways out was filing a court action for recognizing that the Client’s obligations to the PJSC CB Eurobank were terminated for the amount of UAH 7,384,964. In turn, the bank filed a counterclaim on applying the consequences of invalidity of transactions.

However, owing to development of a clear legal position and its upholding by the TEFFI Law Firm’s team, the Client’s claim was satisfied. Satisfaction of the bank’s counterclaim was denied in full.

The full text of the decision is available by the link: