Enyo Law acts for Gennadiy Bogolyubov, a Ukrainian ultrahigh net worth businessman, in defence of two claims brought in the English High Court alleging fraud.
One claim is brought by PrivatBank, the largest bank in Ukraine, which Mr Bogolyubov and Igor Kolomoisky established and owned prior to its expropriation by the Ukrainian state. PrivatBank alleges that fraudulent related party loans of in excess of $2 billion were made to companies associated with Mr Bogolyubov and/or his business associate, Mr Kolomoisky.
Mr Bogolyubov’s response to the claim has included a challenge to the jurisdiction of the English court. This involved several legally complex areas of private international law, including aspects of the Lugano Convention and Recast Brussels Regulation. The jurisdiction challenge was successful before the English High Court and the matter is currently on appeal to the Court of Appeal.
The other claim is brought by a Russian oil & gas company, Tatneft, and alleges that Mr Bogolyubov and others conspired to divert £400 million of oil payment funds using companies owned or controlled by Mr Bogolyubov and Mr Kolomoisky. Trial is listed for October 2020.
Both claims involve vigorously contested worldwide freezing orders and concern political interests.