KIEV, May 18 – PrivatBank noteholders have challenged the bail-in for their securities in exchange to the additionally issued shares of the bank in the London Court of International Arbitration, Managing Partner of Suprema Lex law firm Viktor Moroz acting as an advisor of the noteholders has said.

"On behalf of some noteholders today we have initiated a lawsuit regarding violation of their rights during the bail-in for PrivatBank's notes in the international arbitration institute. The proceedings are at the stage of approving the arbitration procedure and selecting arbiters," he said.