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ASTERS DEFENDS PRIVATBANK IN DISPUTE WORTH OVER UAH 7.5 BILLION BEFORE SUPREME COURT
Asters, Kyiv, Ukraine,
Nov 30, Mon, 2020
Asters successfully defended PrivatBank CB JSC, the largest bank by asset size in Ukraine, in a dispute worth over UAH 7.5 billion before the Commercial Court of Cassation of the Supreme Court over the legality of the creditor's charging extra fees (in addition to interest on the loan) and recovering such fees at the expense of mortgaged property (the Bukovel Ski Resort).
Subject to the case theory developed by the Asters lawyers, the panel of judges of the Consolidated Chamber of the Commercial Court of Cassation of the Supreme Court passed a resolution in case #910/12787/17 allowing PrivatBank's cassation appeal in its entirety and dismissing the appeal judgment granted for the claimant.
Asters' litigation team working on the project included Partner Andriy Pozhidayev and Senior Associate Oleksiy Ananiychuk.
Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., Brussels and London. Chambers Europe 2020 recognizes 21 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.