PrivatBank Pushes For Quicker Trial Prep In Sham Loan Suit

Law360, London (June 25, 2020, 7:17 PM BST) -- PrivatBank urged a London judge on Thursday to set an early trial date for its $1.9 billion fraud suit against its former owners, arguing that the case has already had too many delays.

Andrew Hunter QC, counsel for PrivatBank, said his client is keen for a 10-week trial to start in October 2021. But the defendants, who have been accused of running a sham loan scheme to steal the bank's money, want more time and are seeking a trial date in 2022, between May and October. They say the bank's proposed timetable is "not realistic or sensible" for such a complex case....

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