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Asters Represents Oschadbank in Investment Arbitration Claim Against Russia

Ukraine
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Asters, working alongside lead counsel Quinn Emanuel Urquhart & Sullivan, has represented Oschadbank in its latest legal action against the Russian Federation, seeking compensation for investment losses in the temporarily occupied territories of Donetsk, Luhansk, Kherson, and Zaporizhzhia regions of Ukraine.

According to Asters, on July 24, 2025, Oschadbank served a Notice of Dispute to Russia under the Ukraine-Russia Bilateral Investment Treaty. The notice demands compensation for expropriated assets, with international arbitration to follow if Russia fails to comply within six months.

The Asters team included Managing Partner Oleksiy Didkovskiy, Partner Oksana Legka, Counsel Andriy Stetsenko, Associates Ivanna Artemovych and Oleksandr Lutsenko, and Junior Associate Diana Polyvoda.

Asters at a Glance

Founded in 1995, Asters is the largest Ukrainian law firm with offices in Kyiv, Washington D.C., Brussels and London.

The Firm provides efficient transactional legal advice and represents clients on a broad spectrum of matters arising in the course of doing business in Ukraine. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors.

Asters’ 130-strong legal team combines world-class professionalism and quality with clear understanding of local realities so that our clients receive practically oriented advice in the most client-friendly manner. Asters’ lawyers received law degrees from the best European, Ukrainian and US law schools, including Yale, Harvard, Chicago University.

Asters has consistently remained at the top of the Ukrainian legal market throughout its history being acknowledged as Ukraine Law Firm of the Year by Who's Who Legal (2018-2022), The Lawyer European Awards (2020-2021), Chambers Europe Awards 2020 and holds top positions in the most authoritative international market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who's Who Legal, Best Lawyers.

Firm's website.