EQUITY advises Ukrainian Business Group

EQUITY protects interests of Ukrainian Business Group LLC in disputes over non-performance of obligations to bring the bank’s indexes in compliance with the banking laws.

In 2015 the Circuit administrative court of Kyiv upheld the position of Ukrainian Business Group LLC in its dispute with the National Bank of Ukraine. The subject matter of the controversy concerned a statement of NBU in accordance with which RwS Bank and its investor Ukrainian Business Groups LLC failed to perform their obligations to bring the indexes of the bank in compliance with the banking laws. EQUITY lawyers proved accuracy of the position with the help of forensic economic evidence. Taken the given evidence, the court ruled the actions of the National Bank of Ukraine to be unlawful and reversed its negative report.  

Also, EQUITY provides procedural support to move the insolvent Omega-Bank PJSC out of the market by establishing a transitional Perehidnyi RwS Bank PJSC invested by Ukrainian Business Group LLC.

EQUITY lawyers made a full valuation of the assets to be transferred to the transitional bank under the procedure of succession from the viewpoint of claim settlement and legal aspects of assets impairment. Due to consistent legal support RwS Bank made a foreclosure on two large objects of the mortgaged property, namely Sofiiskyi Sports Center and Lybid Hotel.

In the framework of the given project EQUITY lawyers managed to successfully assert rights of the client in actually new court practice to contest a negative conclusion of NBU regarding the failure to bring the norms of capital and liquidity of the transitional RwS Bank into compliance with requirements of the banking laws.