The claim for recovery of the purchased vehicle (recovery of collateral)
Client: the Shareholder of a building company (physical person).
Problem: When you purchase a car with full payment, the Client received a Claim from JSC “Sberbank” to foreclose on the purchased vehicle (the collateral) even though the Seller is not notified about the pledge and the outstanding auto loan for him. The purchase took place in the original title.
Our work in the project:
The client initially before contacting us was aware of the accumulated negative against him litigation and did not believe in the resolution of the situation in his favor. But as he turned to us for advice - decided to try. Our lawyers have developed a strategy in the case of good faith of the defendant in one trial were able to win the case, despite the fact that the claim to the principal debtor have been satisfied.
The result:the Client remained with his car, despite a pledge and satisfaction of the claim to the principal debtor.