The decision in the case of payment issued by PrivatBank to the nationalization of two Eurobond issues worth about $335 million
This was reported by Interfax-Ukraine.
It is reported that an important decision was made by the London international court of arbitration.
In particular, the arbitral Tribunal rendered in the dispute about the payment issued by PrivatBank to the nationalization of two Eurobond issues worth about $335 million ruled in favor of their owners
As told one of the owners of Eurobonds, according to documentation published by the trustee on 22 July, the future payments will be affected by two factors: the identity of the owner of the bonds and the date of their acquisition.
The press service also noted that in the absence of full documentation tries to distinguish bound and unbound with PrivatBank entities.
As to the date of the final payment of funds under dispute, then, according to the interlocutor, the terms of payment may vary for the bondholders who acquired them after June 14.
He PrivatBank confirmed that in two ongoing arbitration proceedings before the London court of international arbitration (LCIA) regarding Eurobonds, the arbitration court issued an important decision.
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“The Bank explains that such solutions are partial (partial), and its entry into force depends (among other things) from the arbitration court in future decisions on one aspect of arbitral proceedings and the outcome of the English court requests the Trustee Madison Pacific Trust Limited”, — says the official report of the state Bank.
PrivatBank also noted that the entry of decisions into force depends on completion of certain processes, provided these solutions for determining the bondholders entitled to receive the payment.
That is, as explained in the Bank, international arbitration is not pinned on Privat obligations to make any payments to any person for such decisions.
Recall, PrivatBank disgraced stealing money when you buy through the map.
As reported Politeka, PrivatBank disgraced by the disappearance of funds in the terminal.
Also Politeka wrote that Privat he got himself in trouble due to the failure to give the client his money.