Fugitive Billionaire Deflects Bank's $500M UK Fraud Suit

By Christopher Crosby (September 24, 2021, 6:49 PM BST) -- A fugitive billionaire does not have to fight claims he defrauded a Ukrainian lender out of more than $500 million in England after a judge said that the businessman, who faces criminal charges abroad, agreed to Ukrainian court jurisdiction.

PJSC Bank Finance and Credit's fraud claims against Kostyantin Zhevago, the majority shareholder in iron pellet producer Ferrexpo, which is listed on the London Stock Exchange, cannot be heard in England, High Court Judge Julian Flaux ruled.

In a decision handed down Tuesday but made publicly available only on Friday, Judge Flaux stayed the U.K. litigation, saying that Ukraine's court system was...

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!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!