Avellum has successfully represented Ceska Exportni Banka, a.s in a number of litigations against a Ukrainian corporate borrower in connection with the borrower's attempts to transfer mortgaged real estate assets securing a USD 37 million loan and a separate sale of the relevant loan and security claims.
CEB is a specialized state-owned banking institution that is the lending vehicle of the Czech Republic government’s pro-export policy system.
According to Avellum, in the course of the proceedings the firm assisted CEB in "challenging unlawful decisions of state registrars and local authorities, as well as resisting counter-claims brought by the borrower. The effective defense of CEB’s interests in Ukrainian courts allowed CEB to preserve the mortgaged real estate assets securing CEB’s loan. The positive outcome of the court proceedings ultimately enabled CEB to sell the relevant loan and security claims under the loan on favorable terms."
The Avellum team responsible for the litigation was led by Partner Dmytro Marchukov with support from Senior Associate Serhii Uvarov and Associates Andriy Fortunenko and Anna Vlasenko. The firm's team responsible for the sale of the loan claims was led by Senior Partner Glib Bondar and Counsel Igor Lozenko with support from Associate Tetiana Mykhailenko.
