Asters has successfully defended the interests of PrivatBank before the Supreme Court in a case relating to the bank's nationalization.
According to Asters, PrivatBank is Ukraine's largest bank in terms of assets.
On July 26, 2022, the Supreme Court of Ukraine “overturned the decisions of the courts of previous instances and dismissed the claim of Triantal Investments, PrivatBank's former shareholders, to declare illegal and cancel the order of the National Bank of Ukraine regarding the inspection of PrivatBank, which preceded its nationalization,” Asters announced.
According to the firm, “the former shareholders used the unlawful decisions of the courts of previous instances (the Kyiv District Administrative Court and the Sixth Administrative Court of Appeal) as one of the main grounds to appeal the nationalization of PrivatBank in other court proceedings. The Supreme Court's decision deprives the former shareholders of one of the key arguments in further disputes related to challenging the bank's nationalization.”
Asters’ team included Partner Andriy Pozhidayev and Senior Associates Vira Baulina, Oleksandr Yakovenko, and Oleksiy Ukolov.
