The district court adopted a new decision on PrivatBank

Окружной суд принял новое решение по ПриватБанку

The court has taken a decision on PrivatBank

The court fully satisfied the claim of the Cypriot company, which is controlled by Igor Kolomoisky.

The district administrative court of Kiev cancelled the decision of the National Bank about determination of the list associated with PrivatBank individuals and legal entities. On Friday, April 19, the press service of the NBU.

“The district administrative court of Kyiv on 18 April, adopted a decision on the procedure of nationalization of PrivatBank, which fully satisfied the claim controlled by the former shareholder of PrivatBank Igor Kolomoisky Cypriot company Triantal Investments Ltd”, – stated in the message.

In particular, satisfied the plaintiff in the abolition of the National Bank’s decision, which determined the list associated with PrivatBank individuals and legal entities.

This decision of the National Bank is one of the main process output in December 2016 PrivatBank insolvent from the market as part of the state.

In the process, was followed by “bail-in”, which consists in the exchange of funds related to the Bank persons in the Bank’s shares with subsequent sale to the Ministry of Finance.

The decision of the court has not yet entered into force and will soon be appealed to the NBU on appeal.

We will remind, in December of 2016, the government of Ukraine adopted a decision on nationalization of PrivatBank. At that time, its largest shareholders were Igor Kolomoisky and Gennady Bogolyubov

District administrative court of Kyiv on 18 April 2019 has considered the claim and Kolomoisky declared the nationalization of the Bank illegal. The NBU and Ministry of Finance intend to appeal.

Previously Poroshenko said that the decision of the court of PrivatBank Ukraine threatens billions of dollars in losses and default.

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