Ukraine Bank Asks Chancery To Delay Ohio Building Sale
Law360 (January 20, 2021, 10:03 PM EST) -- Attorneys for a Ukrainian bank allegedly plundered by two oligarchs urged a Delaware vice chancellor on Wednesday to slow the $17 million sale of a Cleveland office tower purportedly bought with some of the bank's cash, citing price, fairness and conflict concerns.
But attorneys for purported shell companies associated with billionaires Igor Kolomoisky and Gennadiy Bogolyubov told Vice Chancellor Joseph R. Slights III that attorneys for Joint Stock Company Commercial Bank PrivatBank were peddling a "tinfoil hat" conspiracy, and that delaying the sale could harm multiple interests.
In the balance is a 22-floor office building owned by "Optima" entities allegedly linked...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!