Legislative Regulators That Will Determine the Dynamics of Credit Agreements During the Period of Martial Law in Ukraine

Abstract

The article examines the peculiarities of legislative changes that took place in the field of credit regulation and were implemented in Ukrainian legislation in connection with the introduction of martial law as a result of the armed aggression of the Russian Federation. The impact of crisis situations on the functioning of the country's financial sector is analyzed and a conclusion is made about the effectiveness of their legislative regulators. Different types of contractual structures within which credit legal relations may arise are considered, it is proved that the relevant legislative changes apply not only to traditional, typical credit agreements, such as loan agreements, but are also indirectly applied to other contracts in which crediting is an additional condition for carrying out mutual settlements between the parties of the corresponding obligation. The article pays special attention to the definition of force majeure circumstances that relieve the borrower from responsibility for non-fulfillment of the terms of the credit agreement or mitigate such responsibility. Peculiarities of execution of mortgage contracts are studied, as well as precedents of judicial practice arising from the resolution of disputes between the parties to the credit agreement.