Banks and financial institutions

Project: Cancellation of the agreement on opening a credit line between the logistics company -
CJSC Terminal and Russian Agricultural Bank, recognizing the debtor’s obligations terminated by proper execution, termination of the accessory (pledge) obligations.

Practice: Trial, corporate.

Result: When proceeding in arbitration cases, the facts of a significant change in the circumstances from which ZAO “Terminal” proceeded at the conclusion of contracts were proved. The amount of the obligation under the credit line agreement exceeded 6.8 million euros , all accessory (collateral) legal relations were terminated, a number of commissions and fees were declared invalid.
In addition, a set of legal measures was implemented for an investment project to build a large logistics center in the Tomsk region, including at the stage of refinancing loan obligations.