The Supreme Court confirmed the impossibility of returning Privatbank to its former owners

“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 on the claim of the bank’s executor Ihor Kolomoiskyi and Triantal Investments LTD. As reported by the press service of the financial institution, consideration of this case in courts of various instances lasted almost five years. The financial institution reminds that in this case the plaintiffs, Ihor Kolomoiskyi, who before the nationalization of Privatbank owned almost 42% of the bank’s shares, and the company Triantal, registered in Cyprus and related to the former owners, which owned almost 17%, tried to challenge the contract for the purchase of the bank’s shares by the state and regain the bank’s shares. “Privatbank” welcomes such a fair decision of the court. 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,” Solvita Deglava, a member of the Privatbank board of directors for reorganization and problem assets, said. Read also: National Bank: the court closed the case following Kolomoiskyi’s lawsuit regarding the nationalization of Privatbank On December 18, 2016, the Government of Ukraine decided to nationalize Privatbank and poured more than 155 billion hryvnias into its capital. The ex-owners of the bank, its shareholders, the largest of which at that time were Ihor Kolomoiskyi and Gennadiy Bogolyubov, consider the nationalization, as a result of which they completely lost their shares, to be illegal, while Privatbank and the state demand additional compensation from them. In February 2023, the Grand Chamber of the Supreme Court confirmed the legality of the nationalization of Privatbank. ”, — write: www.radiosvoboda.org