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Asters Successful for Privatbank in Supreme Court of Ukraine

Asters Successful for Privatbank in Supreme Court of Ukraine


Asters has successfully defended JSC CB PrivatBank in the Cassation Commercial Court within the Supreme Court of Ukraine in disputes against Agroterminal Logistic and PJSC Pivdenmedbiosintez Design and Search Institute.

The disputes concerned the demands of PrivatBank's property guarantors to terminate mortgage contracts worth UAH 5.72 billion.

As a result of the disputes, Asters reports, "the Supreme Court confirmed the reasonableness of PrivatBank's arguments and cancelled previous decisions of lower courts on termination of the mortgage contracts."

The Asters team consisted of Partner Andriy Pozhidayev and Counsel Oleg Lazovsky.


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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