Asters Law Firm is assisting Quinn Emanuel Urquhart & Sullivan, the lead counsel to JSC Oschadbank, one of the largest financial institutions in the country, on the issues of Ukrainian law and factual developments in the matter concerning restoration of Crimea-related rights and interests of JSC Oschadbank through an international investment protection mechanism.
On 26 August 2016 JSC Oschadbank filed a claim for recovery of over USD 1 billion in compensation for its losses in Crimea.
Asters' key team working on this project includes Firm's Managing Partner Oleksiy Didkovskiy, Partner Svitlana Chepurna, and Associates Anna Tkachova, Maryna Golovko, and Anastasiia Bereziuk.
Quinn Emanuel partner Alex Gerbi commented: "It is gratifying to work with such high quality professionals as the Asters team on this significant project. They form an essential part of the legal team representing JSC Oschadbank and have contributed extensively to the development and preparation of all aspects of the case."
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The Public Joint-Stock Company "State Savings Bank of Ukraine" is the leading bank in Ukraine with the widest network of offices. The Bank is actively working in all financial sectors. Among its clients are the largest companies in Ukraine. Oschadbank is the only Ukrainian bank that has the state guarantee envisaged by the law in respect of full protection of the monetary funds of citizens entrusted to the bank. Oschadbank's leading position in the market has been confirmed by the "Top 50 Banks of Ukraine" independent ranking.
Quinn Emanuel Urquhart & Sullivan, LLP is a 700-lawyer business litigation firm -- the largest in the world devoted solely to business litigation and arbitration. The Firm's lawyers have tried over 2,400 cases and won 88% of them. Lawyers of Quinn Emanuel Urquhart & Sullivan have won over USD 47 billion in judgments and settlements and have also obtained five 9-figure jury verdicts, twenty-four 9-figure settlements, and twelve 10-figure settlements.
Asters is a full-service independent national law firm that has maintained a strong presence in Ukraine since 1995. Asters has been acknowledged as the Law Firm of the Decade by Ukraine's Legal Awards 2016. The Firm is a two-time winner of the Law Firm of the Year: Ukraine and the CIS award (The Lawyer European Awards 2014 and 2015), Law Firm of the Year (Ukraine) award (Who's Who Legal Awards 2014), Law Firm of the Year award (Ukrainian Legal Awards 2014) and is also named No.1 law firm in Ukraine according to the 2011, 2012, 2013, 2014 and 2015 Top 50 Law Firms Annual National Ranking.