13:04 19.10.2017

Tatneft to continue litigations with Ukrainian businessmen in London court

Tatneft to continue litigations with Ukrainian businessmen in London court

The Court of Appeal of England and Wales upheld the counterclaim of public joint-stock company Tatneft and annulled the decision of the High Court of Justice in London rejecting the company’s claim against Ukrainian businessmen Hennadiy Boholiubov, Ihor Kolomoisky, Oleksandr Yaroslavsky and Pavlo Ovcharenko, the press service of Tatneft has reported.

The decision was made on October 18. Thus, the claim will be heard by the High Court of Justice.

Tatneft said that the company seeks to continue defending its rights.

"We are satisfied with the decision. The court fully supported the arguments of our lawyers who opposed four legal teams of defenders. We are ready to continue to defend our claims. We are sure that justice will triumph, and cynical theft will not go unpunished," the press service said, citing Tatneft CEO Nail Maganov.

As reported, Tatneft in March 2016 initiated a legal investigation in England against a number of Ukrainian businessman in a case about oil supplies to the Kremenchuk oil refinery, and is demanding that $334 million in damages and interest be compensated,

Tatneft said that in 2009 these people fraudulently appropriated money due to Tatneft for oil supplied to the Kremenchuk oil refinery.

In April 2016 the London court froze foreign assets of the businessmen.

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