Oschadbank

The ARMA has the opportunity to include the condition of servicing loans from state-owned banks in the tender documentation for the Gulliver shopping center. Lawyers emphasize the importance of including this condition to protect the state's interests.

ARMA sets different standards for bidders for the management of seized property. Three cases were identified with atypical requirements for the selection of managers for railroad cars, bulk carriers and the Gulliver shopping center.

The ARMA has announced a tender for the manager of the Gulliver shopping center with “the most stringent” selection criteria. “Oschadbank threatens to seize an asset due to the lack of requirements for servicing UAH 20 billion in loans.

ARMA justifies itself for ignoring its loan obligations to Oschadbank in the tender for the selection of a manager for the Gulliver shopping center.

The expert criticized the ARMA for ignoring the interests of Oschadbank in the competition for the manager of Gulliver.

The ARMA held a meeting with a representative of Oschadbank regarding the management of the Gulliver shopping center a week before the end of the tender. The security expert called such actions negligence and called for the tender to be canceled.

“Agreed to agree": whether ARMA will succeed in preserving Oschadbank's interests in the tender for the manager of the Gulliver shopping center.

The ARMA announced a tender for the management of the Gulliver shopping center without taking into account loan obligations to state-owned banks. Experts believe that this could lead to losses of over UAH 20 billion for Oschadbank.

The expert explained that ARMA deliberately did not include Gulliver's loan obligations in the terms of the management tender. With such debts, the mall will not be of interest to potential managers because of its unprofitability.

ARMA ignores the financial interests of the state by announcing a tender for the management of the Gulliver shopping center without taking into account credit obligations, the economist believes.

“Oshchadbank plans to foreclose on the Gulliver shopping center building if the property is transferred to the ARMA. The bank emphasizes that its interests are being ignored and that it may suffer losses of more than UAH 20 billion due to the termination of loan payments.

The ARMA sent a letter to Oschadbank regarding the situation with the Gulliver shopping center, disclaiming responsibility for the loan repayment. The agency claims that the fulfillment of loan obligations depends solely on the borrower.

The ARMA announced a tender for the management of the Gulliver shopping center without taking into account the interests of state-owned banks. Oschadbank risks losing more than UAH 20 billion due to the possible termination of loan payments from the owner of the shopping center.

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The Chairman of the Board of Oschadbank said that the court's decision to transfer the Gulliver shopping center to the management of the ARMA deprives the bank of loan payments. The bank is considering various scenarios, including debt collection and restructuring.

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