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PrivatBank must respond by December 6 to $375-mln lawsuit in London court
Journal Staff Report

KYIV, Nov 15 - PrivatBank has by December 6 to respond to the statements made by the trustee on the bank's eurobonds for $175 million with maturity on February 28, 2018 and those worth $200 million regarding initiating arbitration proceedings due to violation of the terms of the equities circulation, according to the rules of the London Court of International Arbitration (LCIA).

"Under the LCIA rules, PrivatBank has until December 6, 2017 to file a response to the request for arbitration filed by the trustee," Pala Assets investment company, one of the members of the eurobond holders' committee, told Interfax-Ukraine.




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