British Court of Appeal postpones decision on “Yanukovych’s debt”

Source : 112 Ukraine

Upon the consideration, it was to postpone the decision for a later date
21:25, 26 January 2018

British Court of Appeal postponed the decision on the so-called "Yanukovych debt" case. This was reported by the press service of the Ministry of Finance of Ukraine.

On January 26, the Court of Appeal of England completed the hearing of the appeal filed by Ukraine against the decision as of March 2017 by the English High Court in favor of the trustee, acting in the interests of Russian Federation, concerning Eurobonds worth 3 billion dollars, which were allegedly issued by Ukraine in December 2013.

"During the five days of the hearing, the team of legal advisers of Ukraine brought significant legal arguments for consideration by the panel of judges, which consists of three highly qualified and experienced judges of the Court of Appeal," the ministry said.

After the hearing, judges postponed the decision for a later date. The results will be reported after the Court of Appeal declares its decision.

Related: Finance Ministry appeals decision of London court on Yanukovych debt

As it was reported earlier the Ministry of Finance of Russia announced the compromise on the so-called ‘Yanukovych debt’ in 3 billion dollars. Moscow claims that another country can buy out it by the money or securities.

Ukraine got the debt in 3 billion dollars from Russia when Viktor Yanukovych was the president of Ukraine in 2013. Kyiv insisted to recognize the debt as the commercial with the further reorganization and writing down of the part of the debt. In its turn, Russia refused from the reorganization on the terms accepted by the private creditors of Ukraine and demanded to recognize the debt as the state.

Related: London court approved expedited review of Russia’s claim in "Yanukovych debt"

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