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Asters Successful for PrivatBank in UAH 152 Million Office Building Ownership Dispute

Asters Successful for PrivatBank in UAH 152 Million Office Building Ownership Dispute

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Asters has successfully represented PrivatBank before the Central Commercial Court of Appeal in a UAH 152 million dispute regarding the ownership rights over its Dnipro head-office building.

Initially, "in November 2020, the Commercial Court of the Dnipropetrovsk region upheld the claim of the company connected with the bank's former owners and top management," Asters informed. "The court annulled the ownership rights of PrivatBank to the office building, acquired three months prior to nationalization as the result of the foreclosure on a mortgage to repay a loan owed to a person connected to the bank's former owners."

According to the firm, on April 25, 2022, the Central Commercial Court of Appeal overturned the decision of the court of first instance, dismissing the plaintiff's claims and confirming PrivatBank's ownership right over the building worth UAH 152 million to be legal.

The Asters team included Partner Andriy Pozhidayev and Senior Associate Oleksiy Ananiychuk.

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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