Asters successfully defended Privatbank in a dispute challenging its nationalization
Asters has defended PrivatBank in a case brought by the bank’s former owner, Mr Ihor Kolomoisky, challenging the nationalisation. The case has been pending in court since 2017.
On 15 November 2023, the Sixth Administrative Court of Appeal overturned the decision of the court of first instance in favor of the former owner of PrivatBank and closed the proceedings based on the provisions of the Law of Ukraine On Amendments to Certain Legislative Acts of Ukraine on Improving the Mechanisms for Regulating Banking Activities, No. 590-IX.
This court’s decision confirmed the impossibility of returning PrivatBank to its former owners.
Asters’ team working on the case included co-managing partner Oleksiy Didkovskiy, partner Andriy Pozhidayev, senior associates Oleksiy Ukolov and Vira Baulina.