EQUITY successfully defended NBU in the Northern Appellate Commercial Court

EQUITY succeeded in protection of interests of the Corporate non-state pension fund of the National bank of Ukraine in a dispute to contest validity of a mortgage agreement whereunder CNPF NBU was given security interest in the real estate worth UAH 42 million to secure performance of obligations under registered bonds.

On 11 February 2019, the Northern Appellate Commercial Court upheld the position of EQUITY lawyers, affirming the decision of the Commercial court of Kyiv of 17 October 2018 to deny the claim against CNPF NBU.

The court reasonably established that the disputed juridical act was in full compliance with the requirements of the Ukrainian law, including the Law of Ukraine “On Securities and Stock Exchange”.

EQUITY team managed to achieve a just result, which would allow continuing the foreclosure procedure against the collateral within the framework of the project aimed at recovery of assets of CNPF NBU that had been illegally disposed of.

The project is still being attended by the EQUITY team of lawyers under the supervision of partner Oleg Malinevskiy, with the involvement of senior associates, attorneys Andriy Ivaniv and Dmytro Tylipskyi, associate Maksym Halan, junior associate and attorney Iaroslav Labatiuk and junior associates Anton Romashko and Maksym Kuzmenko.