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Asters Successful for PrivatBank in Pryozernyi Shopping Mall Dispute

Asters Successful for PrivatBank in Pryozernyi Shopping Mall Dispute

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Asters has successfully defended PrivatBank in a dispute over the title to Pryozernyi, a shopping mall in Dnipro with a total area of more than 32,000 square meters.

According to the firm, the former owner of the Pryozernyi shopping mall was seeking to regain ownership of the shopping mall while claiming the illegality of the actions of the bank and the state registrar in foreclosing on the asset, which had been mortgaged to PrivatBank. The case had been pending in court since 2021.

On April 23, 2024, Ukraine's Supreme Court dismissed the former owner's cassation appeal, upholding the decisions of the first instance and appeal courts, which confirmed the legality of PrivatBank's acquisition of the title to the property.

The Asters team included Co-Managing Partner Oleksiy Didkovskiy, Partner Andriy Pozhidayev, and Counsel Viktor Tarasenkov.

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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