Court resolves not to give money for IOUs

Court resolves not to give money for IOUs

20.07.2015 Analytics

If the promissory note is not specified by the time when the borrower is obliged to return the money, the court may grant derogation from the obligations under this document. In order to get money for the receipt, it is necessary to properly arrange it, Vesti reported.

Do not give money on the receipt, in which no detail – this decision was issued in the proceedings ?6-144tss15 by the Supreme Court whose resolutions are binding on lower courts.

“Commitments need to be registered as much detailed as possible: clearly indicate the amount borrowed and the repayment period, as well as details of the person who lends amount, and preferably with a residence permit and passport data. It is worth to inscribe interest and fines and penalties such as in the case of a six-month delay in the payment is no longer the 100 000 UAH but 150 000 UAH. In other words, all obligations should be spelled out as much detailed as possible. Otherwise, the debtor can get away with it – even the courts can not force him to return the money” – says Rostislav Kravets, the senior partner of law firm “Kravets & Partners”.

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