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Ecovis Bondar & Bondar Successfully Represents UIA in Dispute with Finance & Credit Bank

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Ecovis Bondar & Bondar has successfully represented Ukraine International Airlines in a dispute with Ukraine’s Finance & Credit Bank.

According to an Ecovis Bondar & Bondar press release, the court agreed with the firm’s argument that provisions from a loan agreement between UIA and Finance & Credit Bank which granted the right to the bank to demand an advance repayment of a loan from UIA and interest for the entire period of the loan were improper. On April 6, 2015, the Kyiv Commercial Court of Appeal upheld the decision of the court of the first instance.

The Ecovis Bondar & Bondar team on the case was led by Managing Partner Oleg Bondar, assisted by Senior Associate Oleksandr Povar.

This is the third time in the past 6 months that the firm has successfully represented the interests of UIA. In March, they represented UIA on a claim related to air route permits (originally published by CEE Legal Matters on March 13, 2015), as well as two disputes finalized in November, 2014 (originally published by CEE Legal Matters on November 28, 2014).

Image Source: Senohrabek / Shutterstock.com