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19 April 2018, 11:43

Interlegal defended the Client’s interests under the Loan Agreement

Interlegal

In the framework of Personal Attorney Service practice, Interlegal lawyers helped the Client to settle the dispute on completing liabilities against the Bank under the Loan Agreement.

Due to improper fulfillment of the Client’s obligations under the Loan Agreement, its debt against the Bank exceeded the loan amount threefold. Apart from principal debt, the Bank accrued also interests and penalty. The loan amount increased even after making a court decision.

Interlegal team of lawyers analyzed the situation, assessed the variants of task settlement and judicial practice of such case category, with regards to the current law provisions.

Interlegal drafted strategy of actions in all the directions. Having appealed against the court decisions, lawyers joined negotiations with the Bank in the Client’s interests. Interlegal arguments persuaded the Bank Credit Committee in partial debt relief and full penalty relief under the Loan Agreement.

Interlegal client obtained the relevant documents on absence of the Bank’s claims under the Loan Agreement. Executive proceedings were closed, while the Client’s assets were released from seizure.

Attorneys-at-law Vitalii Tolstik and Ellina Romanova led the case.

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