When debtors on foreign currency credit will pay the bills

On April 23, 2021, a number of Ukrainian laws in the field of consumer lending came into force, which provide for the renewal of the moratorium on the collection under the contracts of consumer loans in foreign currency, mandatory restructuring of consumer loans and changes in the field of bankruptcy of individuals and taxation. Which documents will affect the consumer credit market and what to expect for all participants in this process,  Nikolas Likhachov, Partner, Head of Banking and Finance Practice, and Khrystyna Tsymbaliuk, Associate, shared their vision with Mind.

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