Asters acted as a legal counsel to the First Ukrainian International Bank (PUMB) in connection with its merger with Dongorbank. The legal advice on the deal included consulting on the banks reorganization issues, drafting necessary documents, and assistance in coordination of the merger process.

The decision on merger of Dongorbank to PUMB was taken at the general meetings of shareholders in November 2010. On 15 July 2011 the parties executed and approved the relevant transfer act pursuant to which all assets, rights and obligations of Dongorbank passed over to PUMB.

In the coming months, PUMB will increase its charter capital and issue shares in the amount of the registered charter capital of Dongorbank which will become the final stage in the reorganization of two banks.

89.87% of the share capital in PUMB belong to LLC "SCM Finance". PJSC "PUMB" was founded in 1991. It is currently one of the biggest Ukrainian banks. Upon merger with Dongorbank, the PUMB's regional network will comprise 11 branches and 171 retail bank offices in Ukraine.

Asters' M&A team working on the project included partner Svitlana Poroschuk, associates Yevgen Porada and Ivan Mykhalchuk.

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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.