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20 April 2017

Asters participates in oral hearing of the investment claim brought by Oschadbank in relation to its investments in Crimea


Asters Law Firm assists Quinn Emanuel Urquhart & Sullivan LLP, the lead counsel to JSC Oschadbank, one of the largest financial institutions in the country, as local Ukrainian counsel in connection with Oschadbank's claim against the Russian Federation for recovery of over USD 1 billion in compensation as a result of the total loss of its investments in Crimea. The final hearing of this claim addressing jurisdictional issues, the merits and quantum of damages took place on 27 – 29 March 2017 in Paris, France.

Quinn Emanuel Urquhart & Sullivan partner Alex Gerbi commented: “The Asters attorneys formed an important part of the team representing Oschadbank both during the preparatory phases and at the recent final hearing in Paris. They made a valuable contribution to the overall development and presentation of Oschadbank’s case. It has been a pleasure working with such a capable and dedicated team.”

Asters' key team working on this project includes Partner Svitlana Chepurna, Associates Anna Tkachova and Maryna Golovko under the general supervision of the Firm's Managing Partner Oleksiy Didkovskiy.

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The Public Joint-Stock Company "State Savings Bank of Ukraine" is the leading bank in Ukraine with the widest network of offices. The Bank is actively working in all financial sectors. Among its clients are the largest companies in Ukraine. Oschadbank is the only Ukrainian bank that has the state guarantee envisaged by the law in respect of full protection of the monetary funds of citizens entrusted to the bank. Oschadbank's leading position in the market has been confirmed by the "Top 50 Banks of Ukraine" independent ranking.

Quinn Emanuel Urquhart & Sullivan, LLP is a 700-lawyer business litigation firm -- the largest in the world devoted solely to business litigation and arbitration. The Firm's lawyers have tried over 2,400 cases and won 88% of them. Lawyers of Quinn Emanuel Urquhart & Sullivan have won over USD 47 billion in judgments and settlements and have also obtained five 9-figure jury verdicts, twenty-four 9-figure settlements, and twelve 10-figure settlements.

Asters is a full-service independent national law firm that has maintained a strong presence in Ukraine since 1995. Asters has been acknowledged as the Law Firm of the Decade by Ukraine's Legal Awards 2016. The Firm is a two-time winner of the Law Firm of the Year: Ukraine and the CIS award (The Lawyer European Awards 2014 and 2015), Law Firm of the Year (Ukraine) award (Who's Who Legal Awards 2014), Law Firm of the Year award (Ukrainian Legal Awards 2014) and is also named No.1 law firm in Ukraine according to the 2011, 2012, 2013, 2014, 2015 and 2016 Top 50 Law Firms Annual National Ranking.



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