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Ilyashev & Partners Successful for Creditors of Fortuna-Bank Beneficiary Before Kyiv Economic Court

Ilyashev & Partners Successful for Creditors of Fortuna-Bank Beneficiary Before Kyiv Economic Court

Ukraine
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Ilyashev & Partners has successfully represented the creditors of bankrupt Fortuna-Bank's beneficiary, Serhii Tyshchenko, in bankruptcy proceedings before the Economic Court of Kyiv.

"The decision of the Economic Court of Kyiv put an end to the bankruptcy case – the collection of funds from Serhii Tyshchenko will be carried out by creditors in full outside the bankruptcy procedure," Ilyashev & Partners informed. "The total amount of accounts payable exceeds UAH 1 billion."

"The relevant proceedings were commenced by the Economic Court of Kyiv in 2019, thereby imposing a moratorium on meeting creditors' claims," the firm reported, noting that, as a result of the litigation, "Serhii Tyshchenko was unable to agree to a debt restructuring on terms that were unfavorable to the creditors. Now, the creditors can sue the debtor separately and demand the full repayment of debts."

The Ilyashev & Partners team was led by Senior Partner Roman Marchenko and included Partner Yevgen Solovyov and Counsels Andrii Konoplia and Vadym Kizlenko.

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