Economic Court. Kyiv on Wednesday, February 8, will consider the petition of a little-known sole proprietor Dmitry Sazonov in case No. 910/17306/21 on the claim of Shakoor Capital Limited regarding the nationalization of Privatbank.
In particular, in their lawsuit, the bondholders demand to invalidate the share purchase agreement concluded between Privatbank and UK SPV on December 20, 2016.. , although none of the plaintiffs was a party to this agreement. Under the agreement, Privatbank's obligations to the UK SPV were exchanged for shares of the bank's additional issue - when Privatbank was withdrawn from the market with the participation of the state through the bail-in procedure, the legality of which was recognized by the Bank of England and confirmed by the decision of the London International Arbitration Court in 2021. year.
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It is noted that the requirements of the petition of FOP Dmitry Sazonov contradict both Ukrainian legislation (namely the Code of Economic Procedure and the Law of Ukraine “On Banks and Banking Activities”) and international treaties ratified by Ukraine. In addition, the adoption of questionable and insufficiently substantiated decisions regarding the central bank of one of Ukraine's main allies during the war can significantly damage Ukraine's international reputation..
The lawsuit in case No. 910/17306/21 was filed by Shakoor Capital Limited, which was subsequently joined by JP Morgan Securities plc and UBS AG, as well as Pala Assets Holdings Limited and Ukrainian FOP Sazonov D. According to media reports, one of these plaintiffs, Pala Assets Holdings Limited, is controlled by Vladimir Yorikh, a citizen of the aggressor country, and FOP Dmitry Sazonov is a defendant in the scandalous Tupitsky tapes..
Read more in the article by Yulia Samaeva "