You're reading: Business News Europe: Ukrainian banks wrestle with debt welshers

Graham Stack writes:

With Ukraine's economy turning round, a host of businessmen who are seeing their businesses start to recover are taking determined and often fraudulent action to rid themselves of their bank debt. Mykola Orlov, partner at the law firm Orlov, Mikhailenko & Partners, says what Ukraine is witnessing is the result of omissions in the past: banks' failure to identify the real owners of companies and link them to loans that those companies took out. Read the story here.