PRESS RELEASE

8 November 2017

AVELLUM Successfully Represents Česká Exportní Banka Before Ukrainian Courts and Advises on Assignment of Its Claims

AVELLUM successfully represented Česká Exportní Banka, a.s. (“ČEB”) in (i) a number of litigations against a Ukrainian corporate borrower in connection with attempts of illegal transfer of mortgaged real estate assets securing USD37 million loan and (ii) a sale of the relevant loan and security claims.

In the course of the proceedings, AVELLUM assisted ČEB in challenging unlawful decisions of state registrars and local authorities, as well as resisting counter-claims brought by the borrower. Effective defense of the ČEB’s interests in Ukrainian courts allowed ČEB to preserve mortgaged real estate assets securing the ČEB’s loan. Positive outcome of the court proceedings ultimately enabled ČEB to sell relevant loan and security claims under the loan on favorable terms.

The AVELLUM team responsible for litigation – was led by partner Dmytro Marchukov with support from senior associate Serhii Uvarov and associates Andriy Fortunenko and Anna Vlasenko, and the team responsible for the sale of loan claims – was led by senior partner Glib Bondar and counsel Igor Lozenko with support from associate Tetiana Mykhailenko.

“It was an honor for us to defend interests of ČEB before Ukrainian courts. Efforts of our team once again proved AVELLUM’s ability to handle the most sophisticated and complicated matters to protect creditors’ rights in Ukraine” – said Dmytro Marchukov.

ČEB is a specialised state-owned banking institution. It is the lending vehicle of the Czech Republic government’s pro-export policy system.