The High Court of England and Wales dismissed the claim of the Russian company PJSC Tatneft against the owner and president of DCH Alexander Yaroslavsky. This is stated in the published court decision.
The judge agreed with the arguments of Yaroslavsky's defense and ruled against PJSC TATNEFT on the grounds that PJSC TATNEFT was unable to present reasonable claims, as well as in connection with the violation of the time limit for filing a claim.
In 2016, Tatneft initiated legal proceedings in England with a number of Ukrainian businessmen, including Alexander Yaroslavsky. The lawsuit filed with the High Court of England and Wales stated that in 2009 Ukrainian businessmen fraudulently embezzled funds owed to Tatneft for oil supplied to the Kremenchug refinery (KNPZ, JSC Ukrtatnafta).
In addition to Yaroslavsky, Gennady Bogolyubov, Igor Kolomoisky and Pavel Ovcharenko were involved in the case.
Ukrtatnafta was established in 1994 on the basis of the Kremenchug Oil Refinery by decrees of the Presidents of Ukraine and Tatarstan.