While providing legal support to one of the largest agrarians in Kherson Region, ALEXANDROV&PARTNERS lawyers advised on the change in the membership of participants in Client’s several companies.

In the course of our work, we offered our Client several options for implementation of the project, in particular, it considered an option of reorganising a farm into a limited liability company and an option of replacing the manager of the farm.

In this case the debtor’s liquidation manager illegally offset bank’s claims to secured claims knowing for sure that all pledged property was sold and proceeds therefrom were transferred to the bank prior to the bankruptcy proceedings and by doing so it deprived the bank of the opportunity of satisfying its creditor’s claims.

Liquidation manager in this case refused offset a portion of bank’s claims as votes at creditors meetings which resulted in significant restriction of the bank’s rights.