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Asters Successful for PrivatBank Before Supreme Court

Asters Successful for PrivatBank Before Supreme Court

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Asters has successfully defended the interests of PrivatBank before the Supreme Court in a case relating to the bank's nationalization.

According to Asters, PrivatBank is Ukraine's largest bank in terms of assets.

On July 26, 2022, the Supreme Court of Ukraine “overturned the decisions of the courts of previous instances and dismissed the claim of Triantal Investments, PrivatBank's former shareholders, to declare illegal and cancel the order of the National Bank of Ukraine regarding the inspection of PrivatBank, which preceded its nationalization,” Asters announced. 

According to the firm, “the former shareholders used the unlawful decisions of the courts of previous instances (the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal) as one of the main grounds to appeal the nationalization of PrivatBank in other court proceedings. The Supreme Court's decision deprives the former shareholders of one of the key arguments in further disputes related to challenging the bank's nationalization.”

Asters’ team included Partner Andriy Pozhidayev and Senior Associates Vira Baulina, Oleksandr Yakovenko, and Oleksiy Ukolov.

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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