Lawyers doubt Ukraine’s success with counterclaim against decision of High Court in London on $3 bln bond debt

The Royal Courts of Justice building, which houses the High Court of England and Wales, is pictured in London on Feb. 3.

Photo by AFP

It is unlikely that a counterclaim of Ukraine against the decision of the High Court of Justice in London on Russia’s claims to the $3 billion bond debt would be success, according to lawyers polled by Interfax-Ukraine.

“There are few prospects for the favorable outcome of hearing the counterclaim for Ukraine. The credit was taken by lawful Ukrainian authorities, and the debt was taken as a government secured sovereign debt,” advisor and head of bank and financial law practice at Suprema Lex law firm Roman Oksanich said.

The lawyer expects that the basis for Ukraine’s counterclaim would be economic and military aggression of Russia.

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