November 26, 2024
The Supreme Court put an end to the case on the nationalization of PrivatBank thumbnail
BREAKING NEWS

The Supreme Court put an end to the case on the nationalization of PrivatBank

The Commercial Court of Cassation as part of the Supreme Court confirmed the impossibility of returning the state-owned PrivatBank to its former owners and confirmed the legality of closing the proceedings in case No. 910/1834/19 on the claim of the bank’s executor Ihor Kolomoiskyi and Triantal Investments LTD. PrivatBank reports this on its website. Consideration of this case in courts of various instances lasted almost five years. In this case, the plaintiffs, Kolomoiskyi, to whom”, — write on: ua.news

The Commercial Court of Cassation as part of the Supreme Court confirmed the impossibility of returning the state-owned PrivatBank to its former owners and confirmed the legality of closing the proceedings in case No. 910/1834/19 on the claim of the bank’s executor Ihor Kolomoiskyi and Triantal Investments LTD.

PrivatBank reports this on its website.

Consideration of this case in courts of various instances lasted almost five years.

In this case, the plaintiffs, Kolomoiskyi, who before the nationalization of PrivatBank owned 41.6572% of the bank’s shares, and the company Triantal, registered in Cyprus and related to the former owners, which owned 16.8176%, tried to challenge the contract for the purchase of the bank’s shares by the state and to get back the bank’s shares .

“Privat Bank welcomes such a fair decision of the court. This is an example of the fact that the rule of law prevails in our country, and independent judges work within the framework of current legislation and democratic values. The case of Kolomoiskyi and the Triantal company carried significant risks for the financial system of the state due to the demands of our opponents, but the bank remains state-owned. The case was closed in accordance with the prescriptions of the current legislation of Ukraine regarding the impossibility of returning the bank’s shares to the former owners,” said Solvita Dehlava, a member of the PrivatBank Management Board for Reorganization and Troubled Assets.

We will remind that the Kyiv Court of Appeal reduced the amount of bail for oligarch Ihor Kolomoiskyi by more than 50 million hryvnias – to 1 billion 827 million 352 thousand 580 hryvnias.

We also wrote that the preventive measure against the oligarch Ihor Kolomoisky was changed from detention to bail in the amount of more than 1.8 billion hryvnias. But even if he makes them, he will not be able to leave the pre-trial detention center because of the current arrest in another case against him.

Recently, the Northern Commercial Court of Appeal of the city of Kyiv confirmed the impossibility of returning the state-owned “PrivatBank” to its former owner Ihor Kolomoiskyi.

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