London court has no jurisdiction to consider case of Deposit Guarantee Fund against Zhevaho.

The High Court of Justice in London does not have jurisdiction to consider the case of the Deposit Guarantee Fund against ex-owner of Bank Finance and Credit Kostiantyn Zhevaho, it is indicated in the court ruling, which is referred to by the press service of the fund.

"In his [the judge's] conviction, the English court does not have jurisdiction to consider this case, since it sees a problem in the need to apply Ukrainian legislation, in which it is not an expert," the report explains.

At the same time, the judge concluded that the evidence of the fund and the bank presented during the hearings indicated that there were sufficient grounds to issue an order for the worldwide seizure of the assets of the bank shareholder.

"Under any conditions, we will continue our struggle for the return of withdrawn funds and assets both in Ukrainian courts and in the courts of foreign jurisdictions. After all, we are talking about billions of hryvnias that Ukrainians and the state lost in this bank due to the applied schemes," deputy managing director of the fund Viktor Novikov said.

The fund's press service recalled that in February this year the fund initiated a lawsuit to recover $ 582.5 million from Kostiantyn Zhevaho, three English companies and one citizen of the United Kingdom involved in withdrawing funds from the bank. Hearings in the case were held behind closed doors in July 2021.

As reported, the accepted claims of the creditors of the insolvent Bank Finance and Credit reach UAH 30 billion.

On December 17, 2015, the National Bank of Ukraine, at the suggestion of the fund, adopted resolution No. 898 to revoke the banking license and liquidate Bank Finance and Credit, whose beneficiary was MP of the Verkhovna Rada of the VIII convocation and Executive Director of Ferrexpo mining company Kostiantyn Zhevaho.

Interfax-Ukraine

News about recent political developments in Ukraine, key Ukrainian economic news and major current events in the CIS and the rest of the world.

https://en.interfax.com.ua/

Related news
Rivne, Mykolaiv regions enter 'red' zone for COVID-19 from Oct 26.

Rivne, Mykolaiv regions enter 'red' zone for COVID-19 from Oct 26.

The State Commission on Environmental Safety, Manmade Disaster and Emergency Response (TEB and ES) has established a "red" level of epidemic danger of the spread of coronavirus infection COVID-19 in Rivne and Mykolaiv regions since October 26, Min...

Interfax-Ukraine

Virologist who helped develop Johnson and Johnson COVID-19 vaccine on mixing doses.

Virologist who helped develop Johnson and Johnson COVID-19 vaccine on mixing doses.

The Centers for Disease Control and Prevention will review the Food and Drug Administrations's decision to approve booster shots for the Moderna and Johnson and Johnson vaccines, which would allow more than 15 million Americans to get a booster sh...

Searching for the Lost Graves of Canada’s Indigenous Children - NYT News.

Searching for the Lost Graves of Canada’s Indigenous Children - NYT News.

For more than a century, Indigenous children in Canada were forced to attend residential schools, where many endured abuse. Thousands were never seen again and survivors were long ignored. We followed a team of archaeologists who came to the Musko...

5 176

Suspected human remains found in search for Brian Laundrie.

Suspected human remains found in search for Brian Laundrie.

Officials say they found suspected human remains while searching for Brian Laundrie. The fiancé of Gabby Petito, who was found strangled to death, has been missing for more than a month. Michael Hudak from WINK Fort Meyers joined CBSN to discuss t...

Hunter Biden's latest scandal involves Russian oligarch.

Hunter Biden's latest scandal involves Russian oligarch.

'Fox & Friends' hosts discuss a report that Hunter Biden told the FBI he had inside information on a Russian oligarch whose home was raided. Subscribe to Fox News! Watch more Fox News Video: Watch Fox News Channel Live: FOX News Channel (FNC) is a...

Former Minneapolis officer Mohamed Noor sentenced to prison for manslaughter.

Former Minneapolis officer Mohamed Noor sentenced to prison for manslaughter.

A Minnesota judge sentenced former Minneapolis police officer Mohamed Noor to nearly five years in prison Thursday for the 2017 fatal shooting of Justine Ruszczyk Damond. Noor was initially convicted of third-degree murder and manslaughter, but th...

Moscow announces one-week COVID-19 lockdown

Moscow announces one-week COVID-19 lockdown

CBS News reporter Mary Ilyushina reports from Moscow on the city's one-week lockdown as COVID-19 cases surge in Russia. CBSN is CBS News’ 24/7 digital streaming news service featuring live, anchored coverage available for free across all platforms...