Client — an international banking institution with creditor claims against amajor Ukrainian metallurgical enterprise.

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Matter — representation of the foreign bank in the bankruptcy procedure ofone of Ukraine’s largest metallurgical enterprises, including the filing andprotection of substantial creditor claims.

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Role — the work included: analysis of the loan and security documentation;preparation and filing of creditor claims; participation in creditors’committee meetings; representation of the client in the courts of firstinstance and appeal; and coordination of the position with other foreigncreditors.

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Jurisdiction — Ukraine.

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Court — Eastern Commercial Court of Appeal.

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Practice — Dispute Resolution |

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Amount — approximately UAH 802 million.

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Status — the bankruptcy procedure and related court proceedings wereongoing.

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Significance of the Matter— the project is oneof the largest bankruptcies in Ukraine’s industrial sector and required theprotection of substantial cross-border creditor claims in a complex multi-partyprocedure. A particular challenge was the scale of the indebtedness, the largenumber of creditors, the security mechanisms, and the need to coordinate thepositions of several foreign financial institutions.