High court temporarily blocks Surkis brothers’ $350 million legal victory


Judges of the Supreme Court of Ukraine stand during a hearing in a case that pitted the families of businessmen Ihor and Hryhoriy Surkis against state-owned PrivatBank on June 15, 2020. In that case, the court ruled in favor of PrivatBank.

The Supreme Court has stopped a lower court decision that would have forced state-owned PrivatBank to pay $350 million to two oligarch brothers. 

Last week’s decision by the Pechersk District Court drew condemnation from Prime Minister Denys Shymhal, the ministries of finance and justice, the central bank, and PrivatBank itself.

Source: www.kyivpost.com

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