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Asters Successfully Defends PrivatBank in Dispute Over Bukovel Ski Resort

Asters Successfully Defends PrivatBank in Dispute Over Bukovel Ski Resort

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Asters has successfully defended PrivatBank CB JSC in a dispute involving the Bukovel Ski Resort heard by the Commercial Court of Cassation of the Supreme Court of Ukraine.

According to Asters, “the dispute, valued at UAH 7.5 billion, revolved around the resort's claim over the legality of the creditor's charging of extra fees in addition to the interest on the loan and recovering such fees at the expense of mortgaged property.”

The Supreme Court ruled in favor of PrivatBank.

This marks the second case Asters advised PrivatBank on this year, following its successful representation of the bank in a defamation dispute in May 2020 (as reported by CEE Legal Matters on June 11, 2020).

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


Ukraine Knowledge Partner

AVELLUM is a leading Ukrainian full service law firm with a key focus on Finance, Corporate, Dispute Resolution, Tax, and Antitrust.

Our aim is to be the firm of choice for large businesses and financial institutions in respect of their most important and challenging transactions.

We build lasting relationships with our clients and make them feel secure in new uncertain economic and legal realities.

We incorporate the most advanced Western legal techniques and practices into our work. By adding our first-hand knowledge, broad industry experience, and unparalleled level of service we deliver the best results to our clients in their business endeavours. Our partners are taking an active role in every transaction and ensure smooth teamwork.

AVELLUM is recognised as one of the leading law firms in Ukraine by various international and Ukrainian legal editions (Chambers, The Legal500, IFLR1000, The Ukrainian Law Firms, and others).

Firm's website: www.avellum.com


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