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English Court of Appeal reserves judgment in proceedings regarding the so-called Russian debt until a later date
29.01.2018 | 10:14
MINISTRY OF FINANCE OF UKRAINE

Today saw the conclusion of the hearing of Ukraines appeal to the English Court of Appeal against the summary judgment decision made in favour of Russias Trustee, in the case concerning the $3 billion Eurobonds purportedly issued by Ukraine in December 2013, by the English High Court in March 2017.

Over 5 days of legal argument, Ukraines legal team conveyed Ukraines strong legal arguments to the learned and highly experienced tribunal of three Appeal Justices.

At the conclusion of the hearing, the judges reserved their judgment until a later date. The results of the appeal proceedings will be announced after the English Court of Appeal hands down its judgment.

Ukraine puts its faith in the English legal process and remains confident of achieving a positive outcome in the proceedings, which are themselves brought at Russias behest in pursuit of a broader strategy of unlawful and illegitimate aggression by Russia against Ukraine. Ukraine reaffirms its commitment to standing firm in the face of this aspect of Russias aggression until the full conclusion of the legal process.

 

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