The answer of the Ministry of Justice to the Secretariat's letter dated 01 February 2018р No. 2018-02-01/006 regarding the provision of clarifications on the application of the Law of Ukraine "On financial restructuring" in terms of repossession of property for obligations of owner as well as the taxation of such property.
Namely:
Or are defined as operations with foreclosure purchases by banks (financial institutions) the right of ownership to collateral (mortgage) as a result of the conclusion of the agreement on satisfaction of pledgee (mortgagee), or on the basis of the clause satisfy the requirements of a mortgagee, which is contained in the relevant mortgage agreement, including those implemented in accordance with the restructuring plan agreed in accordance with the Law on financial restructuring?
The project is funded by a grant received from the European Bank for Reconstruction and Development under the Shareholder Special Fund.
The project is implemented by the administrative and financial support of NABU.