Antika Law Firm has successfully defended the interests of its Client – PJSC “Energobank” – in dispute on the recognition of the loan agreement obligation as terminated, recovery funds from the bank and recognition of the pledge agreement as terminated. Total value of the dispute is about UAH 30 million.

Bank debtor initiated the court dispute with the aim to terminate the contractual relations with the bank and get rid of considerable debt citing to the fact that due to the assignment agreement society acquired the property claim rights of the third party to the bank. In this regard, according to the plaintiff’s opinion, the mutual financial obligations of the debtor and PJSC “Energobank” were terminated, consequently, the pledge agreement was also terminated.

The team of lawyers consisting of a partner Andrey Kuznetsov and senior associate Maxim Korchagin succeeded to prove in the court of first instance and court of appeal that the legal position of the plaintiff is wrong, and the claim in this case was intended to get rid of his own debt obligations by means contradicting the special rules on the banks liquidation.