Do not attempt to present an artificially constructed case to try to forum shop in the London courts. That is the stark message for overseas litigants, following the High Court’s decision to throw out a case brought by a state-owned Ukrainian bank against its Swiss-domiciled former owners earlier this month.
PrivatBank had originally obtained a Worldwide Freezing Order (or WFO) for up to US$2.6 billion against its former majority shareholders Igor Kolomoisky and Gennadiy Bogolyubov following allegations of extensive fraud being made against them.
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