Asters counseled PRAVEX-BANK regarding long-term agreement with IBM on maintenance services for a new data center based on an IBM Power® 780 server. Asters' lawyers in cooperation with PRAVEX-BANK legal department provided full-service legal support of the transaction both on the drafting and negotiation stages.

This project in many respects is significant for the Ukrainian banking sector. The new data center will enable PRAVEX-BANK to ensure smooth servicing of customers accounts, processing of card operations, mobile and online banking, and improve the quality of services provided to over 1 million clients. The PRAVEX-BANK new data center fully complies with the NBU requirements regarding preservation of clients' documents and data. The technical implementation will be done by IBM Corporation and De Novo, which will supply a data center and an IT infrastructure hosting site that meets the necessary international security standards.

Asters' project team comprised of senior partner Armen Khachaturyan and associate Yevgen Kravtsov.

Asters is a full-service independent national law firm. With 15 years of experience the firm has one of the longest track records on the country's young legal market. Asters is among the most recommended law firms for Ukraine according to reputable international legal directories The Legal 500, PLC Which Lawyer?, Chambers Global, IFLR 1000, and Ukraine's legal market research publications. A list of the firm's clients includes major international corporations, such as Boeing, Coca-Cola, Marathon Oil, Miele, News Corp., New Line Cinema, Nissan Motor, Nokia Corporation, Philip Morris, Renault, Telenor ASA, Toshiba Corporation, and the world's leading financial institutions ABN AMRO, Barclays Capital, Citibank, Credit Suisse, Deutsche Bank, EBRD, IFC, ING Bank, JP Morgan Chase, Standard Bank, Swedbank and the World Bank.