US Faces 2nd Arbitration Over PrivatBank Loan Scheme
Law360 (February 22, 2021, 10:49 PM EST) -- The U.S. must face a second arbitration accusing it of overstepping its authority, this time for targeting a 22-story office building in Ohio for forfeiture, which the U.S. Department of Justice claims was connected to a money laundering scheme involving billions of dollars stolen from Ukraine's largest bank.
The notice of arbitration, dated for Monday, was submitted to the International Centre for Settlement of Investment Disputes by Optima Ventures LLC, which the DOJ's Money Laundering and Asset Recovery Section claims was involved in an alleged scheme by former PrivatBank owners Ihor Kolomoisky and Gennadiy Boholiubov to launder billions in misappropriated bank...
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!