Asters defends interests of PrivatBank in dispute worth over UAH 2 billion before Supreme Court

Asters successfully defended the interests of PrivatBank CB JSC, the largest bank by assets in Ukraine, in a dispute with Pivdenmedbiosintez Design and Survey Institute JSC before the Commercial Cassation Court of the Supreme Court. The matter in dispute was the property guarantor's claims to declare illegal the NBU's omission and to oblige PrivatBank CB JSC to transfer over UAH 2 billion.

On the basis of the legal view prepared by the Asters lawyers and due to the effective representation by the Asters attorneys, the Supreme Court's panel of judges found that PrivatBank's arguments were reasonable and dismissed the claim. As part of the project work, the Asters team enlisted the support of law experts from the National Academy of Legal Sciences of Ukraine.

Asters' team working on the project included Partner Andriy Pozhidayev, Counsel Oleg Lazovsky and Associate Vira Baulina.

"Asters ensures the representation of PrivatBank CB JSC's interests in the hardest cases related to PrivatBank's refinancing loans. The highly-skilled actions of the Asters lawyers allow us to achieve positive results for our bank", - says Yaroslav Matuzka, Head of Legal at PrivatBank CB JSC.

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Asters is a full-service independent national law firm that has maintained a strong presence in Ukraine since 1995. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors. The Firm has consistently remained at the top of the Ukrainian legal market throughout its history. Asters is a winner of Ukraine Law Firm of the Year 2018 award by Who’s Who Legal and a two-time winner of the Law Firm of the Year: Ukraine and the CIS award (The Lawyer European Awards 2014 and 2015). It is also acknowledged as the Law Firm of the Decade by Ukraine's Legal Awards 2016. Asters holds top positions in the most authoritative international and Ukrainian market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who's Who Legal, Best Lawyers, Expert Guides, and Top 50 Law Firms Annual National Ranking.

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