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Economy 2019-12-06T04:03:07+02:00
Ukrainian news
Defendants Pay PrivatBank GBP 10 Million In Implementation Of London Appeal Court Ruling

Defendants Pay PrivatBank GBP 10 Million In Implementation Of London Appeal Court Ruling

PrivatBank, London Court of Appeal, PrivatBank nationalization, Ihor Kolomoiskyi

Defendants have paid PrivatBank GBP 10 million in implementation of a ruling by the London Court of Appeal.

The bank announced this in a statement, the Ukrainian News Agency reports.

This ruling was issued by the court on October 15, 2019. It confirmed that the English court has jurisdiction over PrivatBank’s fraud claim against businessmen Ihor Kolomoiskyi and Hennadii Boholiubov.

As Ukrainian News Agency earlier reported, the Kyiv Commercial Court has suspended the proceedings in the case filed by former shareholders of PrivatBank seeking to invalidate the agreement on sale of the bank.

The London Court of Appeal confirmed on October 15 that an English court has jurisdiction over PrivatBank’s lawsuit against its former owners Ihor Kolomoiskyi and Hennadii Boholiubov.


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