London court lacks jurisdiction to hear Deposit Guarantee Fund case against Zhevaho

The High Court of Justice in London is not competent to examine the case of the Deposit Guarantee Fund against the former owner of Bank Finance and Credit Kostiantyn Zhevaho, it is stated in the court decision, to which the refers the fund’s press service.

“In his [the judge’s] conviction, the English court is not competent to examine this case, because it sees a problem in the need to apply Ukrainian legislation, of which it is not an expert ”, explains the report.

At the same time, the judge found that the fund and bank’s evidence presented at the hearings indicated that there were sufficient grounds to issue a worldwide seizure order of the bank’s shareholder assets.

“Under all conditions, we will continue our struggle for the return of funds and assets withdrawn both in Ukrainian courts and in courts of foreign jurisdictions.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

The fund’s press service recalled that in February this year the fund took legal action to recover $ 582.5 million from Kostiantyn Zhevaho, three UK companies and a UK citizen. involved in withdrawing funds from the bank. Hearings in this case were held behind closed doors in July 2021.

As reported, the accepted claims of 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, the beneficiary of which was a deputy of the Verkhovna Rada of the VIII convocation and Executive Director of the mining company Ferrexpo Kostiantyn Zhevaho.


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