The financial company has bought a loan agreement secured by a pledge at a public auction and required our client to repay the debt in the amount of almost UAH 400 thousand. Such illegal actions were taken by the financial company despite the availability of a court decision on early recovery of the debt under the loan agreement.
TEFFI Law Firm’s lawyers appealed to the court to declare the loan agreement and the pledge agreement terminated. Having considered the case, the court rendered the judgement to uphold the client’s claims and to declare the client’s obligations under the loan and the pledge agreement terminated.
The precondition for success in this case was a correctly chosen strategy to protect the interests of the client. It was based on the legal position of the Supreme Court where the fact that the client has enforced the court decision on early recovery of the debt indicates the termination of credit obligations.
Managing partner Igor Kryzhanovskyi and Senior Associate Bohdan Herasymyk represented the client’s interests before the court.