Banking and financial law

Legal services in banking and financial law

Systemic crisis phenomena in the Ukrainian economy have led to serious problems in the banking sector. In part of Ukrainian banks, a provisional administration was introduced, some banks were liquidated or even nationalized. It should be noted that the described events as a whole benefited the banking system of Ukraine and the economy as a whole – despite serious problems with access and return of funds placed in problem banks by legal entities, sharp, sometimes just unpredictable jumps in the national currency, the market cleared of weak, subsidized, players and frankly unprofitable banks that existed exclusively through refinancing of the National Bank of Ukraine.

Such processes caused a panic both among private individuals and among companies that had settlement accounts or even deposits with troubled banks — the massive withdrawal of funds from deposit accounts, the fragmentation of large deposits, the withdrawal of funds from legal entities’ settlement accounts, the withdrawal of huge amounts of cash … such actions of bank customers have made a significant contribution to the escalation of the crisis of financial institutions.

A lawyer in financial and banking law is a specialist who has good practice and colossal experience in this field, thanks to which he can very quickly penetrate into problematic legal relations and provide all possible options for resolving them.

As you know, the resolution of financial and banking disputes is not easy, in most cases they go on for a very long time. We advise you to seek legal assistance in advance in order to avoid long and painful lawsuits and solve all problematic issues in financial and banking law without resorting to the courts.

Taking into account the specifics of the banking market and the scope of the provision of financial services in general, it is completely unsurprising that keen attention of regulators to this area is. It is absolutely obvious that there is a need for qualified legal support of any relationship associated with financial institutions – the agreements that are concluded are extremely voluminous and difficult to understand both by individuals and representatives of companies that are not narrowly focused specialists in the field of financial and banking law. In turn, the visiting card of the agreements in the described area is the details – financial institutions build relationships on the strength side, one can even say almost dictatorships, wanting to insure their own risks at the expense of the client’s funds and property, the possibility of changing the essential terms of the contract in situations where it is necessary.

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