The High Court of Justice in London (His Majesty's High Court of Justice in England) has issued an order to seize the assets of Kostiantyn Zhevaho, the former owner of JSC Bank Finance and Credit, a bank whose liquidation began in 2015.
This is stated in the NBU's message, the Ukrainian News agency reports.
At a hearing "without notice" on July 11, 2025, the High Court of Justice granted the National Bank's application to freeze certain assets of Kostiantyn Zhevaho until the final decision of the English court on the claim of the National Bank of Ukraine for the recognition and enforcement in England of the decision of the Shevchenkivskyi District Court of Kyiv dated October 1, 2019, which was made against Kostiantyn Zhevaho.
In its decision, the Ukrainian court found him liable to the National Bank for failure to pay the debt in favor of the NBU, in respect of which he had provided personal guarantee, for stabilization loans provided by JSC Bank Finance and Credit before its insolvency was declared.
Kostiantyn Zhevaho did not make payments for which he provided a personal guarantee and did not pay most of the debt recognized by the decision of the Ukrainian court in favor of the National Bank in connection with these obligations.
The legal process in England was a continuation of the long-term work of the National Bank of Ukraine to return this debt.
In 2015, Kostiantyn Zhevaho concluded a surety agreement with the National Bank on the repayment of the bank's refinancing loans under a number of loan agreements, assuming personal obligations for the repayment of the financial institution's debt to the National Bank.
Since he demonstrated unwillingness to fulfill his obligations under the surety agreement in good faith, in December 2015 the National Bank applied to a court in Ukraine to collect the debt in court.
On October 1, 2019, the Shevchenkivskyi District Court of Kyiv ordered Mr. Zhevaho to pay the debt in the amount of UAH 1.539 billion in favor of the National Bank of Ukraine.
In December 2019, the decision entered into force and the National Bank applied to the State Enforcement Service for the forced execution of the court decision to collect the debt.
However, Kostiantyn Zhevaho evaded its full execution, so it has not yet been possible to fully execute the court decision in Ukraine.
The interests of the National Bank of Ukraine in foreign jurisdictions are represented by an advisor - the leading global law firm Hogan Lovells International LLP.
The National Bank will continue to take all possible legal measures to implement the decision and collect funds to repay the bank's debt.
As the Ukrainian News agency earlier reported, on September 17, 2015, the National Bank of Ukraine adopted a decision to classify JSC Bank Finance and Credit as insolvent.
At the time of this decision, the majority shareholder of the bank was Kostiantyn Zhevaho, who indirectly owned a 97.67% stake.
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