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​Protection of Creditor’s interests

The leader of real estate and construction practice of Salkom Law Firm Tymofii Sykorskiy has commented on the changes in the sphere of Creditor’s interests protection with regards to retaking the mortgage property. Changes are provided by Resolution #189 from 26.02.2020 of Government of Ukraine that entered into force on 06.03.2020.

To this date the unfair debtors often abused their rights, which led to the inability of the creditors to meet their claims by retaking the mortgage property.

The main types of unfair behavior of debtors were: non-reception of letters in the post-office, artificial implementation of bans regarding the property and claims to activate a Moratorium on foreign currency loans.

From now on the usage of such unfair methods is made legally impossible.

Read more in Tymofii Sykorskiy blog here.

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