The court upheld the recognition of PrivatBank insolvent

Суд подтвердил законность признания ПриватБанка неплатежеспособным

Client Privat asked the court to cancel the decision on referring it to the category of insolvent and introduction of an interim administration.

The district administrative court of Kiev confirmed legality of the NBU adopted the decision on assigning PrivatBank insolvent. This was reported on the website of the regulator on Thursday, September 13.

“District administrative court of Kyiv refused to the client of PrivatBank D. Kasyanenko the claim to the National Bank, Ministers, the DGF, with the participation of third parties – the Ministry of Finance of Ukraine, PrivatBank, the Ministry of justice of Ukraine about cancellation of decisions”, – stated in the message.

In court the client of PrivatBank addressed in December 2016. In his lawsuit, he asked the court to cancel the decision on assignment of this Bank insolvent and the introduction of an interim administration.

After thorough investigation of the circumstances of the case the District administrative court of Kyiv rendered a decision in case No. 826/20453/16 who completely refused satisfaction of this claim.

Earlier, the national Bank won the court over denial of PrivatBank problem. The Supreme court upheld the NBU in a dispute with a customer of the Bank, who asked to recognize illegal the inactivity of the national Bank.

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