Ukrainian tycoons Viktor Pinchuk and Ihor Kolomoisky have concluded an amicable agreement fixed by a judge of the London Court of International Arbitration (LCIA) in relation to a breach of contract claim filed by Pinchuk several years ago regarding a joint venture entered into between Pinchuk, Kolomoisky, and Hennadiy Bogolyubov involving each party's individual assets in the ferroalloy industry, zn.ua reported on Oct. 7.
Referring to unofficial information, the online publication claims that under the amicable agreement Pinchuk has allegedly received “about half” of $500 million in dividends he had earlier claimed.
Interfax-Ukraine has been unable to receive official comment from any of the parties to the dispute.
According to available materials of U.S.-based litigation is connected with the LCIA dispute, Hennadiy Bogolyubov, who is Kolomoisky’s business partner in a number of businesses, including Ukraine’s largest bank PrivatBank, was among the defendants.
Pinchuk lodged his claim with Florida Southern District Court in August 2013 and in January 2014. The second time companies affiliated with him (Cyprus Petitioners) joined him in connection with 22 separate claims filed in a Cyprus-based Limassol court.
