The Hague court agrees to consider Russia’s arguments in case of PrivatBank

The Hague court agrees to consider Russia’s arguments in case of PrivatBank

In its appeal to The Hague the Russian side claims that PrivatBank and its affiliates have repeatedly violated the law with the aim of acquiring assets.

The International Arbitration Tribunal in the Hague agreed to consider the arguments presented by Russia on the Ukrainian PrivatBank’s illegal acquisition of assets in Crimea.

As TASS was told the Ministry of Justice of the Russian Federation, the arbitrators allowed the Russian Federation to provide evidence that the bank controlled by oligarch Igor Kolomoisky owns property on the peninsula illegally. Kolomoisky, in turn, in his counterclaim claims that the property of the credit institution was expropriated.

In its appeal to The Hague the Russian side claims that PrivatBank and its affiliates have repeatedly violated the law with the aim of acquiring assets. The Russian Federation also disputes the decision of the international tribunal on jurisdiction in a Dutch court. If the Tribunal agrees with the arguments of Moscow, PrivatBank and Kolomoisky will be denied their claim. 

Earlier, the press service of PrivatBank refuted information that the Permanent Court of Arbitration in the Hague refused to Russia to reconsider the issues of jurisdiction and breach of obligations in a lawsuit filed by the credit institution in the case concerning the loss of assets in Crimea.

As News.ru wrote, the former president of Ukraine Petro Poroshenko was summoned for questioning by the State Bureau of Investigation (GBR). The ex-president was supposed to testify about his involvement in the court decision on the illegality of PrivatBank’s privatization, but Poroshenko ignored the instructions of the GBR.

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