Privy Council confirms Cukurova's entitlement to relief from forfeiture
After more than five years of litigation between Cukurova of Turkey and Alfa of Russia, the Privy Council has delivered a pivotal ruling in Cukurova's favour. The decision establishes that a borrower may be entitled to equitable "relief from forfeiture" even after a lender has exercised a power of appropriation under the Financial Collateral Arrangements (No 2) Regulations 2003 (the "FCA Regulations").
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 Cukurova Finance International Ltd & Anor v. Alfa Telecom Turkey Ltd (British Virgin Islands). White & Case has acted for Cukurova throughout the litigation.
 Subsequently expanded by the FCA Amendment Regulations 2010.
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