Asters defended PrivatBank in the Supreme Court, which did not allow the former owner to cancel loan agreements with the NBU

Asters successfully defended the interests of PrivatBank in the Supreme Court, which on 7 April 2023 dismissed the claim of the bank’s former owner Mr. Kolomoisky to invalidate five refinancing loans and five personal guarantee agreements of Mr. Kolomoisky.

With its decision, the Supreme Court put an end to the case that began in May 2019, when Mr. Kolomoisky filed five similar claims against PrivatBank and the National Bank of Ukraine (NBU) with the Kyiv Commercial Court. In June 2020, the Court granted his claim in full, despite the fact that as at the time of the decision, PrivatBank had fully repaid the loans to the NBU. In August 2022, the Northern Commercial Court of Appeal upheld the decision of the previous instance.

Asters' team working on the case included Co-Managing Partner Oleksiy Didkovskiy, Partner Andriy Pozhidayev, Senior Associates Oleksii Ananiichuk and Viktor Tarasenkov.  

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PrivatBank is the largest bank in Ukraine, in terms of the number of clients, assets value, loan portfolio and taxes paid to the national budget.

Asters is the largest full-service law firm in Ukraine with offices in Kyiv, Brussels, London, and Washington, D.C. The firm has access to over 125 jurisdictions through a well-developed network of partner law firms. Asters and its lawyers consistently receive recognition by the leading international rankings, namely Chambers & Partners, The Legal 500 EMEA, IFLR1000, GAR1000, GCR100, The Lawyer, Best Lawyers, Who’s Who Legal.