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Asters Successful for PrivatBank in UAH 152 Million Office Building Ownership Dispute

Asters Successful for PrivatBank in UAH 152 Million Office Building Ownership Dispute

Ukraine
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Asters has successfully represented PrivatBank before the Central Commercial Court of Appeal in a UAH 152 million dispute regarding the ownership rights over its Dnipro head-office building.

Initially, "in November 2020, the Commercial Court of the Dnipropetrovsk region upheld the claim of the company connected with the bank's former owners and top management," Asters informed. "The court annulled the ownership rights of PrivatBank to the office building, acquired three months prior to nationalization as the result of the foreclosure on a mortgage to repay a loan owed to a person connected to the bank's former owners."

According to the firm, on April 25, 2022, the Central Commercial Court of Appeal overturned the decision of the court of first instance, dismissing the plaintiff's claims and confirming PrivatBank's ownership right over the building worth UAH 152 million to be legal.

The Asters team included Partner Andriy Pozhidayev and Senior Associate Oleksiy Ananiychuk.

Asters at a Glance

Founded in 1995, Asters is the largest Ukrainian law firm with offices in Kyiv, Washington D.C., Brussels and London.

The Firm provides efficient transactional legal advice and represents clients on a broad spectrum of matters arising in the course of doing business in Ukraine. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors.

Asters’ 130-strong legal team combines world-class professionalism and quality with clear understanding of local realities so that our clients receive practically oriented advice in the most client-friendly manner. Asters’ lawyers received law degrees from the best European, Ukrainian and US law schools, including Yale, Harvard, Chicago University.

Asters has consistently remained at the top of the Ukrainian legal market throughout its history being acknowledged as Ukraine Law Firm of the Year by Who's Who Legal (2018-2022), The Lawyer European Awards (2020-2021), Chambers Europe Awards 2020 and holds top positions in the most authoritative international market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who's Who Legal, Best Lawyers.

Firm's website.