01

We represented our client, a financial institution, as a creditor in the bankruptcy proceedings of a significant debtor. In the course of the proceedings, the trustee questioned the effectiveness of the material collateral held by our client and refused to satisfy the client from the assets on which the client held mortgages and pledges. As a result of our intervention, the higher courts changed the unfavorable ruling for our client and recognized his status as a creditor in rem, as a result of which he was satisfied in the first place from the secured assets.