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05 July 2018, 13:46

Asters defends interests of PrivatBank before the Supreme Court of Ukraine in disputes worth over UAH 5 billion

Asters

Asters has successfully defended the interests of JSC CB PrivatBank, the largest bank in Ukraine by assets, before the Cassation Commercial Court within the Supreme Court of Ukraine in disputes with LLC Agroterminal Logistic and PJSC Pivdenmedbiosintez Design and Search Institute. The disputes concerned the demands of PrivatBank's property guarantors to terminate mortgage contracts worth UAH 5.72 billion.

On the basis of the legal position prepared by Asters lawyers and due to the effective representation by Asters attorneys, the Supreme Court's panel of judges confirmed the reasonableness of PrivatBank's arguments and cancelled previous decisions of lower courts on termination of the mortgage contracts. Within this case, Asters team enlisted support from experts of the National Academy of Legal Sciences of Ukraine.

Asters' team working on the project consisted of Partner Andriy Pozhidayev and Counsel Oleg Lazovsky.

"Asters provides legal representation of PrivatBank in the most complex lawsuits related to acquisition by the State of ownership rights to PrivatBank's shares. A positive result has been achieved for our bank thanks to the highly qualified actions of Asters lawyers," – says Yaroslav Matuzka, Head of Legal at JSC CB PrivatBank.

In 2018 Asters significantly strengthened the Firm's expertise in Dispute Resolution. In particular, in January 2018 Andriy Pozhidayev rejoined Asters' team as partner. Prior to that for 4 years Andriy had been heading the Department of Debt Restructuring and Collection at JSC Oschadbank. Also Oleg Lazovsky joined Asters as counsel. He has more than 15 years of experience in the banking sector, including as head of legal department and head of debt collection.

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