An Injection Of Rule Of Law For Ukrainian Business? Oligarch's Lawsuit Could Help Improve The Culture Of Business Dealings In The Post Soviet Space - Forbes

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The last decade has been a difficult one for Ukraine. After the brief, hopeful days of its Orange revolution in 2004 and 2005, the country first saw the Orange leaders disappoint expectations and then self-destruct in a bitter feud. Ultimately, national affairs slid backwards into gridlock, authoritarianism and questionable government practices. Still, the potential signing of an association agreement with the EU in late 2013 could provide some hope. Can the rule of law and Western-style democracy take hold there? Oddly enough, a court case in England might provide some of the answer.

London is now home to another large-scale litigation suit between oligarchs from the former Soviet Union. Victor Pinchuk, the founder of the pipe and wheel producer Interpipe and the investment vehicle EastOne, is suing Gennadiy Bogolyubov and Igor Kolomoisky, business partners and co-founders of Privat Group. Why should Western societies care about this case? Because it carries significance beyond the dispute itself."

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