Property dispute
Released property worth RUB 3 million from a bank lien
Property worth RUB 3 million was under a bank lien. As a result of the legal work, the property was released from the lien encumbrance.
The Essence of the Matter
Property worth RUB 3 million was encumbered by a bank lien. Such an encumbrance affected the client’s property interest and the ability to dispose of the asset without lien restrictions.
The Task
To release property worth RUB 3 million from a bank lien and protect the client’s property interest.
Result
Result
Property worth RUB 3 million was released from the bank lien.
Why this result matters
A lien encumbrance restricts the owner’s property interest and can significantly affect the ability to dispose of the asset. Therefore, the practical result in such a dispute is primarily about the fate of the encumbrance itself.
In this case, property worth RUB 3 million was released from the bank lien.
Managing Partner, Konsultant Law Firm
Nikolay Nemkov
Is your property under a lien or another encumbrance?
We will review the documents, the basis of the encumbrance and the circumstances of the dispute to determine possible ways to protect the property interest.