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PrivatBank says it hasn't received lawsuit challenging forced swap
Journal Staff Report

KIEV, May 23 - PrivatBank has not yet been notified of a lawsuit lodged by eurobond holders with the London Court of International Arbitration (LCIA) against a forced swap of their securities for shares of an additional issue of the bank (the so-called bail-in procedure), PrivatBank Chairman Oleksandr Shlapak said.

"We have not received any notification of the claim filed by eurobond holders at the London court. I suppose we will be one of the defendants, but it seems to me that it would be more logical if they [the holders] applied to those who handled that transaction," he told Interfax-Ukraine.




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