Asters has successfully defended PrivatBank in a lawsuit brought by six foreign companies seeking to recover over USD 250 million from the state-owned bank.
The claimants attempted to recover funds deposited in their accounts at the bank’s Cyprus branch through challenging decisions, orders, and agreements made during the PrivatBank resolution with the participation of the State.
On 3 April 2025, the Supreme Court issued its final decision, allowing the cassation appeals filed by PrivatBank and the National Bank of Ukraine. The Supreme Court's resolution is final and cannot be appealed.
Asters' team working on the case included Managing Partner Oleksiy Didkovskiy, Partner Andriy Pozhidayev and Senior Associate Vira Baulina.
PrivatBank is the largest state-owned bank in Ukraine. Today, the bank serves more than 18 million active customers, and 70% of Ukrainians use its services. The bank is a leader in the retail segment and actively introduces services for small and medium-sized businesses. It has a strong digital ecosystem and an extensive network of 1,173 branches, 6,860 ATMs, almost 10.4 thousand self-service terminals, and more than 311,000 POS terminals throughout the country. PrivatBank's team includes more than 19,000 employees.