EQUITY consults the National Bank of Ukraine on return of pension assets

EQUITY  is an advisor of the National Bank of Ukraine on legal support of court disputes aimed at returning unlawfully moved out assets from the Corporate Non-State Pension Fund of NBU.

The Corporate Non-State Pension Fund is a unique and the largest non-state fund in Ukraine which operates for financial gain of its 14,000 members. As of today, the total amount of the fund assets is almost 1.3 billion dollars.

In the previous 2012-2014 the former management stole retirement assets in the amount of around UAH 700 million by investing the monetary funds into knowingly unprofitable operations. So, with the aim of returning unlawfully moved out assets the Fund initiated a number of legal actions with debtor companies. EQUITY team under the direction of partner Oleh Malinevskyi is working on elaboration and realization of the client defense strategy in court.