Law firm FCLEX has successfully protected the interests of Finance and Credit Bank in a dispute with the companies of Cheese Club Group in the Commercial Court of Kiev.
By the decisions dated 7 July and 9 July 2014, the court confirmed the bank's ownership title to the property of JSC Svitlovodskyy maslosyrkombinat, a milk production company (Svitlovodsk, Kirovograd Region), JSC Bobrovitskiy Molokozavod, a milk processing company (Bobrovytsia, Chernihiv Region) And JSC Molochnokonservnyy Zavod, a milk and preserves processing company (Talne, Cherkasy Region).
Back in 2013 Finance and Credit Bank initiated five lawsuits against the group of companies Cheese Club with the legal support of FCLEX. Besides the above companies the bank demanded recognition of ownership title to the property complexes of JSC SOMMAS (Myronivka, Poltava Region), and JSC Karlivs'kyy zavod suhoho moloka. a milk powder production company (Karlivka, Poltava Region), which were mortgaged to JSC Svitlovodskyy Maslosyrkombinat and JSC Bobrovytskyy Molokozavod. The lawsuits were filed within the dispute between Finance and Credit Bank and the group of companies Cheese Club under debt collection of more than USD 34 million, which had lasted for years.
In 2013 through the efforts of the FCLEX team the court ruled a decision in favor of the bank in relation to the case of JSC Plant Karlivs'kyi zavod suhoho moloka (milk powder production company) and JSC SOMMAS which was left unchanged by the following instances. Thus, the bank took over the 5 property complexes within collection of the debt from the group of companies Cheese Club.
The Finance and Credit Bank was represented in court by FCLEX Partner Oleg Malinevskyy and lawyer Andriy Ivaniv.
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