VINCO’S conducted a legal audit of a lot for the purchase of a claim right (accounts receivable) totaling UAH 2,496,964.21

Case: Lawyers of law firm VINCO’S analyzed the enforceability of a judgment after purchase of the lot “Right to claim a debt” (accounts receivable) totaling UAH 2,496,964.21

Law firm VINCO’S conducted a legal audit of a lot for the purchase of a claim right (accounts receivable)  for its Client — a financial company whose primary business is factoring.

Lawyers of law firm VINCO’S analyzed the enforceability of a judgment after purchase of the lot “Right to claim a debt” (accounts receivable)

Debtor: City council.

Amount: UAH 2,496,964.21.

Nature of the debt: Calculation of arrears for previous years arising from the difference in water supply and wastewater tariffs provided to the population by the Polonne water and sewerage utility.

Number of starting price reduction steps: 89.

Guarantee deposit: UAH 199,757.10.

Auction type: Dutch auction.

Thanks to the lawyers’ professional work,  the Client saved approximately UAH 400,000, as numerous risks of purchasing this debt obligation were identified.