EQUITY once again protected the interests of the National Bank of Ukraine in court

On November 07, 2017, the Supreme Economic Court of Ukraine upheld the position of the Corporate Non-Governmental Pension Fund of the NBU whose interests are represented by EQUITY lawyers in a dispute with PJSC Oschadbank. The total sum of the dispute is 55 million UAH.

The object of the dispute was the issue of the invalidity of the bonds purchase/sale agreement concluded between the Fund and PJSC "Oschadbank". The court agreed with the arguments of the Corporate Nongovernmental Pension Fund of NBU regarding the non-compliance of the agreement with the special Law of Ukraine "On Non-State Pension Provision".

The support of this process is taking place within the framework of the project on the return of illegally withdrawn assets of the NBU Pension Fund for a total of about 700 million UAH. The team of experts led by partner Oleh Malinevskyi, assisted by senior lawyers Dmytro Tylipskyi and Andrii Ivaniv and junior lawyer Maksym Halan are still working on the project.

The Corporate Nongovernmental Pension Fund of the NBU is the unique and largest non-state fund in Ukraine whose activities are aimed at generating profit in favor of its participants, which is about 14 thousand people. As of today, the total assets of the fund are almost UAH 1.3 billion.