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Asters Successful for PrivatBank in Pryozernyi Shopping Mall Dispute

Asters Successful for PrivatBank in Pryozernyi Shopping Mall Dispute

Ukraine
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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.

Asters at a Glance

Founded in 1995, Asters is the largest Ukrainian law firm with offices in Kyiv, Washington D.C., Brussels and London.

The Firm provides efficient transactional legal advice and represents clients on a broad spectrum of matters arising in the course of doing business in Ukraine. Asters has extensive industry-specific experience and plays a leading role in advising clients in various market sectors.

Asters’ 130-strong legal team combines world-class professionalism and quality with clear understanding of local realities so that our clients receive practically oriented advice in the most client-friendly manner. Asters’ lawyers received law degrees from the best European, Ukrainian and US law schools, including Yale, Harvard, Chicago University.

Asters has consistently remained at the top of the Ukrainian legal market throughout its history being acknowledged as Ukraine Law Firm of the Year by Who's Who Legal (2018-2022), The Lawyer European Awards (2020-2021), Chambers Europe Awards 2020 and holds top positions in the most authoritative international market reviews: The Legal 500, Chambers Global and Chambers Europe, IFLR 1000, Who's Who Legal, Best Lawyers.

Firm's website.