REUTERS
The freezing orders on Kolomoisky and Bogolyubov’s assets are likely to be lifted.
The High Court of London ruled that the suit filed by PrivatBank against its ex-owners Ihor Kolomoisky and Gennady Bogolyubov was out of its jurisdiction.
Following such a decision, the case is likely to be closed, Ukrainian Pravda reported citing its sources.
Besides, the freezing orders earlier introduced on Kolomoisky and Bogolyubov's assets are likely to be lifted.
As reported earlier, PrivatBank in December 2017 filed a lawsuit with the High Court of London against Ihor Kolomoisky, Gennady Bogolyubov, as well as companies Teamtrend Ltd., Trade Point Agro Ltd., Collyer Ltd., Rossyan Investing Corp., Milbert Ventures Inc. and ZAO Ukrtransitservice Ltd., which allegedly belong to them or are under their control.
Read alsoKolomoisky: PrivatBank unlawfully nationalized – DW
The plaintiff managed to secure a worldwide freezing order on more than $2.5 billion worth of assets of the bank's ex-owners and the six companies.
At the same time, the court ordered that Kolomoisky and Bogolyubov disclose information about all their assets to a limited circle of persons who directly took part in the case's consideration.
UNIAN memo. PrivatBank (Dnipro) has been working in the Ukrainian market since 1992 and is the largest bank in terms of assets. In December 2016, the Cabinet of Ministers decided to nationalize the bank, guided by recommendations of the National Security and Defense Council on the proposal of the National Bank.