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PrivatBank’s Bid To Widen $2.6B Asset Freeze Dismissed

Law360, London (December 18, 2018, 8:20 PM GMT) -- A London appellate court on Tuesday dismissed a set of claims by Ukrainian PrivatBank and its former owners that a lower court judge was wrong when he ruled on whether several transactions were exempt from a $2.6 billion worldwide freezing order or not.

Tuesday’s hearing was focused on the technical interpretation of the word “business” in a worldwide freezing order that was handed down against Igor Kolomoisky — an oligarch and the former governor of the Ukrainian city of Dnipropetrovsk — and several companies in December 2017.

PrivatBank had taken issue with High Court Judge Timothy Fancourt’s conclusion on July 24...

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