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Ilyashev & Partners Successful for Creditors of Fortuna-Bank Beneficiary Before Kyiv Economic Court

Ilyashev & Partners Successful for Creditors of Fortuna-Bank Beneficiary Before Kyiv Economic Court

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Ilyashev & Partners has successfully represented the creditors of bankrupt Fortuna-Bank's beneficiary, Serhii Tyshchenko, in bankruptcy proceedings before the Economic Court of Kyiv.

"The decision of the Economic Court of Kyiv put an end to the bankruptcy case – the collection of funds from Serhii Tyshchenko will be carried out by creditors in full outside the bankruptcy procedure," Ilyashev & Partners informed. "The total amount of accounts payable exceeds UAH 1 billion."

"The relevant proceedings were commenced by the Economic Court of Kyiv in 2019, thereby imposing a moratorium on meeting creditors' claims," the firm reported, noting that, as a result of the litigation, "Serhii Tyshchenko was unable to agree to a debt restructuring on terms that were unfavorable to the creditors. Now, the creditors can sue the debtor separately and demand the full repayment of debts."

The Ilyashev & Partners team was led by Senior Partner Roman Marchenko and included Partner Yevgen Solovyov and Counsels Andrii Konoplia and Vadym Kizlenko.

Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com

 

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