International law firm Integrites has acted as a legal advisor for OTP Bank regarding international naval law, particularly on bank’s legitimate claims settlement procedure as a mortgage holder at the cost of the pledge.
Under the project’s framework, the legal team of ILF Integrites conducted a detailed legal overview of OTP bank’s documents related to mortgage lending of several large-scale real estate objects.
The legal support was provided by a team of lawyers including senior Associates Anna Tyshchenko and Neonila Shyshak, led by Aliona Varenik, Partner of ILF Integrites.
During the project implementation, Integrites’ professionals have provided consultancy regarding mortgage pledge enforcement, including ownership rights for large-scale real estate properties re-registration procedure.
Upon OTP Bank’s request, lawyers have developed schemes for real estate seizure, draft documents for lawsuit assignments and applications to relevant state authorities of contactors’ countries. Moreover, Integrites lawyers provided OTP bank with an in-depth analysis of the naval regulatory framework of Ukraine and other port countries, including several countries of Africa.
OTP Bank (Hungary) entered Ukrainian banking market in June 2006. Today OTP Bank is among the Top-10 Ukrainian banks in terms of assets and provided loans. OTP Group serves more than 11 mln. clients through its branch network in Ukraine, Slovakia, Bulgaria, Romania, Croatia, Serbia, Russian Federation, and Montenegro.