PrivatBank filed a $3-billion lawsuit against the Ukrainian and Cypriot subsidiaries of PwC for alleged breaches during audits of the lender in 2013-2015.
Meanwhile, the Ukrainian government is waiting for a London’s court’s decision on PrivatBank’s lawsuit against its former owners Ihor Kolomoisky and Hennadiy Boholiubov. Once that is decision, the government will proceed with its own cases in the Ukraine.
“There is another case initiated by PrivatBank in the UK against the former owners. The total amount (of claims) is $2.5-billion. Now all the assets of the ex-owners are frozen all over the world. And judicial debates are being actively conducted in London … We expect to see significant progress in the near future, and this will help us in other proceedings in Ukraine,” Finance Minister of Ukraine Oleksandr Danyliuk said during the government report to the Verkhovna Rada.