The Grand Chamber of the Supreme Court has appointed for June 29 the consideration of the case on appeal of the court decision of 2017 regarding the bank’s obligation to service the deposits of the Surkis brothers’ companies placed on the accounts of its Cypriot branch before nationalization, while the brothers estimate obligations under them at $347.4 million.
“The hearing on case 757/7499/17 is scheduled for June 29 in the order of written proceedings,” the Supreme Court replied to the request of the Interfax-Ukraine agency.
As reported, the Pechersky District Court of Kyiv on Feb. 9, 2017, by its decision on the lawsuit of the Surkis’ companies, obliged PrivatBank to fulfill the terms of deposit agreements concluded by the bank’s Cyprus branch with the relevant companies. An attempt by the Cabinet of Ministers to appeal this verdict in the court of appeals was unsuccessful. In turn, PrivatBank filed a cassation appeal.
In the meantime, on April 15, 2020, the Kyiv Court of Appeals rejected the appeal of the state enforcement officer, leaving in force the explanation of judge Pidpaly of the 2017 decision in the form of PrivatBank’s obligation to compensate Surkis’ companies $250 million.
Based on the decision of judge Pidpaly, on April 28, 2020, six British companies-claimants at once applied to the state executive service with a statement on its compulsory execution, and on April 29, the state executive service of Pechersky District opened enforcement proceedings and sent a corresponding message to the debtor.
Legal adviser to PrivatBank Andriy Pozhidayev told Interfax-Ukraine, the total amount of the companies’ claims is $347.4 million.
