International law firm Integrites is making progress in complex projects of Pireus Bank, related to the recovery of bad debts in a judicial proceeding.
As a part of long-term co-operation, ILF Integrites provides legal support to Pireus Bank in several projects. One of them is the process of collecting bad debts at the stage of enforcement proceedings. It was complicated by the seizure of the debtor's collateral imposed in criminal proceedings against the debtor. Due to the fact that the defendant was in custody, law enforcement authorities and State Tax Service of Ukraine were involved in proceedings as codefendants.
As a result of complex legal support provided by lawyers of ILF Integrites, the judgment fully satisfies the claims by Pireus Bank to release collateral, and therefore the property can be used to compensate for the existing debt.
The legal support was provided by Aleksey Prudkyy, Dasha Ganzienko and Yaroslava Glukhenka, associates, led by Yulia Repina, Counsel of Dispute Resolution Practice.
Piraeus Bank in Ukraine is a part of the international banking group Piraeus Bank Group. The Group is one of the leading banking institutions in Southern and Eastern Europe. Founded in 1916, Piraeus Bank now has a regional network of 810 branches and offices in Greece, Ukraine, Romania, Bulgaria, Egypt, Albania, Serbia, Cyprus as well as in the world's financial centers New York and London. Piraeus Bank Group started operating in Ukraine in 2007 after the acquisition of the International Commercial Bank (ICB).