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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.