Supreme Court ruling
Supreme Court (SCU) abolished all legal loopholes that allowed debtors borrowing money against receipt, evade fulfilling obligations. The decision was taken 18 September 2013, Kommersant-Ukraine reports.
Now the courts are to analyze not the form of signed contracts, but rather their legal nature. Furthermore, the very fact of signing the contract by the borrower is considered the proof of receipt of money. In particular, the text reads as follows «the written form of a loan agreement because of its real nature is proof not only for conclusion of the contract, but also of the transfer of monetary amount to the borrower».
