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Asters provided legal support for the process of returning Oschadbank’s funds and valuables seized in Hungary as well as legal protection of the bank’s employees

19/ 05/ 2026
  Asters acts as legal counsel to Oschadbank in a high-profile cross-border matter. Recently the firm provided legal support in the process of full return of the banks assets and valuables, including USD 40 million, EUR 35 million and 9 kilograms of gold, which were seized during transit from Austria to Ukraine by Hungarian special services in March this year. On 18 May 2026, it was formally announced that the decision to deport seven previously detained Oschadbank employees and impose a three-year ban on their entry into and stay within the Schengen Area has been revoked. The respective decision was taken by the Hungarian Police Directorate-General for Aliens, which ordered that the relevant entries be immediately removed from the state registers. Asters team, together with international legal advisers of Horvathlawyers law firm, implemented a comprehensive legal strategy and advised the client at every stage to protect its interests and support its employees. The team, working on the project under the leadership of Managing Partner Oleksiy Didkovskiy, included lawyers from dispute resolution, white-collar crime and banking and finance departments. Chairman of Oschadbanks Management Board Yurii Katsion has stated: “We are grateful to Asters and our international legal advisers for their professional support. The team’s expertise was instrumental in resolving this unprecedented case in Oschadbank’s favour and securing a fair outcome — the return of property, funds and assets to the bank, as well as the protection of our employees’ interests against unlawful actions.” * * * Oschadbank JSC is a Ukrainian state-owned commercial bank, with 100% of its shares belonging to the state. Serving over 6 million customers, the bank is the second largest in Ukraine by financial assets and manages the country’s most extensive branch network. Asters is the largest full-service law firm in Ukraine with offices in Kyiv, Brussels, London, and Washington, D.C. The firm has access to over 125 jurisdictions through a well-developed network of partner law firms.

Asters acts as legal counsel to Oschadbank in a high-profile cross-border matter. Recently the firm provided legal support in the process of full return of the bank’s assets and valuables, including USD 40 million, EUR 35 million and 9 kilograms of gold, which were seized during transit from Austria to Ukraine by Hungarian special services in March this year.

On 18 May 2026, it was formally announced that the decision to deport seven previously detained Oschadbank employees and impose a three-year ban on their entry into and stay within the Schengen Area has been revoked. The respective decision was taken by the Hungarian Police Directorate-General for Aliens, which ordered that the relevant entries be immediately removed from the state registers.

Asters’ team, together with international legal advisers of Horvathlawyers law firm, implemented a comprehensive legal strategy and advised the client at every stage to protect its interests and support its employees. The team, working on the project under the leadership of Managing Partner Oleksiy Didkovskiy, included lawyers from dispute resolution, white-collar crime and banking and finance departments.

Chairman of Oschadbank’s Management Board Yurii Katsion has stated: “We are grateful to Asters and our international legal advisers for their professional support. The team’s expertise was instrumental in resolving this unprecedented case in Oschadbank’s favour and securing a fair outcome — the return of property, funds and assets to the bank, as well as the protection of our employees’ interests against unlawful actions.”

* * *

Oschadbank JSC is a Ukrainian state-owned commercial bank, with 100% of its shares belonging to the state. Serving over 6 million customers, the bank is the second largest in Ukraine by financial assets and manages the country’s most extensive branch network.

Asters is the largest full-service law firm in Ukraine with offices in Kyiv, Brussels, London, and Washington, D.C. The firm has access to over 125 jurisdictions through a well-developed network of partner law firms.

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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