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Ukrainian oligarchs call off London court case

January 23, 2016 19:29
Victor Pinchuk

BySimon Rocker, Simon Rocker

1 min read

A High Court showdown in London involving three Ukrainian Jewish businessmen is understood to have been averted at the last minute.

Victor Pinchuk’s case against Gennadiy Bogolyubov and Igor Kolomoisky had been due to begin on Monday and scheduled to last for eight weeks.

But the disputing parties have reached an out-of-court settlement, according to sources close to the parties.

Mr Pinchuk claimed that he had paid the other two businessmen $143 million (currently worth £99 million) for a stake in a Ukrainian mining company but that they had failed to transfer the shares to him.