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Jurimex Law Company jointly with the European Business Association (EBA) held a business breakfast “Ways of resolving complex issues pertaining to the use of borrowed capital in the new economic environment”. The event took place on June 17, 2010 in Lviv. The all-Ukrainian professional weekly edition “Legal Newspaper” (“Yurydychna Gazeta”) acted a media partner of the meeting.
In a presentation “Dealing with court issues on delinquency” Jurimex Managing Partner Yuriy Krainiak delivered his insight into the most efficient ways and outcomes of the causes and consequences of debts, bankruptcy procedure, as well as handling suchlike matters in court. Partner Bogdan Shapoval revealed the character of debt restructuring at an enterprise under present-day conditions and explained how to minimize the risks of defaults on credit obligations. The leaders of financial and legal departments of the prominent banks, insurance, industrial and manufacturing companies of Western Ukraine – namely, Volksbank, Bank Lviv, Okci Bank, VTB Bank, insurance companies Providna, INGO Ukraine, PZU Ukraine, Brokbusiness, Klingspor Ltd., Discovery Drilling Equipment Ltd., SE Property Invest, Universalis LLC, Golden Lion LLC, had an opportunity to get actively involved in the discussion. Jurimex experts answered numerous questions regarding the bankruptcy of enterprises, tax disputes, and procedural aspects of cases on debt collection.
Yuriy Krainiak commented: “In the times of slow recovery from recession Ukrainian business is considering alternative schemes for borrowed funds repayment, debt and insolvency disputes resolution, or ways to prolong litigation and delay debt recovery. There are many pitfalls in the national legislation, and, if it is necessary to protect a company in disputes related to bankruptcy, finance or corporate restructuring or tax optimization, a manager must clearly understand the legal specifics for choosing the best way to protect the interests of his company. The goal of the business breakfast was to introduce to the top-managers a summary analysis of the most efficient methods of working with borrowed capital, according to the letter of the law, and to determine the relevance of these issues at the regional level.”
