The District court of Kyiv granted the claim of RwS Bank, found the decision of the National Bank of Ukraine on imposition of over 100 million USD fine on the Bank to be unlawful and cancelled it.

EQUITY lawyers proved proper fulfillment of legal requirements by the bank in making clients’ transactions that were examined by NBU. In the course of the court proceeding it was proved that NBU had incorrectly applied legal provisions on liability for violations in the field of financial monitoring.

EQUITY team continues working on the project under the supervision of partner Serhiy Chuyev, and with participation of counsel Andrii Ivaniv, senior lawyers  Maksym Halan and Myhailo Lutckyi, and lawyer Taras Shtokalo.