FBK Legal has represented Yamaha in a successful debt recovery matter involving equipment it supplied worth more than RUB 200 million against a Russian dealer. FBK Legal also won a lawsuit initiated by the dealer who tried to contest a mortgage agreement used as collateral for the debt.
According to Elena Bokareva, Manager of FBK Legal's Corporate Practice. the dealer’s lawsuit against Yamaha for annulment of the mortgage agreement was filed in response to Yamaha's lawsuit for debt collection and mortgage foreclosure. “By filing this lawsuit the dealer expected to suspend the proceedings in the initial case," she said. "By separating the lawsuit on mortgage foreclosure we managed to avoid suspension and recover the entire debt."
FBK Legal Senior Lawyer Marina Balandina explained that,“it took a lot of hard work for us to collect source delivery documents supporting importation of each of more than 400 pieces of equipment to Russia and their delivery to the dealer’s warehouse.”