Chancery Stays PrivatBank Suit Pending Ukraine Action

By Jeff Montgomery (August 24, 2021, 9:37 PM EDT) -- A Chancery Court suit in Delaware targeting alleged domestic laundering of proceeds from a purported multiyear looting of Ukraine's PrivatBank by two billionaire oligarchs has largely been stayed pending developments in actions in Ukraine.

Vice Chancellor Joseph R. Slights III's decision late Friday in the more than two-year-old case noted that moving forward in Delaware now would oblige Chancery to "adjudicate these issues of Ukrainian law at the same time those issues are being litigated before judges expert in that law."

"The risk of inconsistent judgments is high," the vice chancellor said in a decision noting that some procedural matters will...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!