Asters has successfully defended PrivatBank CB JSC in a dispute involving the Bukovel Ski Resort heard by the Commercial Court of Cassation of the Supreme Court of Ukraine.
According to Asters, “the dispute, valued at UAH 7.5 billion, revolved around the resort's claim over the legality of the creditor's charging of extra fees in addition to the interest on the loan and recovering such fees at the expense of mortgaged property.”
The Supreme Court ruled in favor of PrivatBank.
This marks the second case Asters advised PrivatBank on this year, following its successful representation of the bank in a defamation dispute in May 2020 (as reported by CEE Legal Matters on June 11, 2020).
The Asters team included Partner Andriy Pozhidayev and Senior Associate Oleksiy Ananiychuk.