Asters Successful for PrivatBank in UAH 152 Million Office Building Ownership Dispute
May 5, 2022
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Asters has successfully represented PrivatBank before the Central Commercial Court of Appeal in a UAH 152 million dispute regarding the ownership rights over its Dnipro head-office building. Initially, "in November 2020, the Commercial Court of the Dnipropetrovsk region upheld the claim of the company connected with the bank's former owners and top management," Asters informed. "The court annulled the ownership rights of PrivatBank to the office building, acquired three months prior to nationalization as the result of the foreclosure on a mortgage to repay a loan owed to a person connected to the bank's former owners." According to the firm, on April 25, 2022, the Central Commercial Court of Appeal overturned the decision of the court of first instance, dismissing the plaintiff's claims and confirming PrivatBank's ownership right over the building worth UAH 152 million to be legal.