The Commercial Cassation Court of the Supreme Court finally confirmed the impossibility of returning PrivatBank to its former owners. She reported about it press office the bank
The court also recognized as legitimate the closing of the proceedings in case No. 910/1834/19 on the claim of the former shareholder of the bank Ihor Kolomoiskyi and the Cypriot company Triantal Investments LTD. As noted, the court decision protects the interests of the state, which prevented the collapse of the financial system by recapitalizing the bank. Consideration of this case in courts of different instances lasted almost five years.
The plaintiffs were Ihor Kolomoisky, who owned 41.6572% of PrivatBank’s shares before nationalization, and Triantal, a company related to the former owners, which owned 16.8176% of the shares. They tried to dispute the contract for the purchase of the bank’s shares by the state and return them to their ownership.
Solvita Deglava, a member of PrivatBank’s board for reorganization and problem assets, welcomed the court’s decision. According to her, this case created significant risks for the country’s financial system due to the demands of the plaintiffs, but the bank remains in state ownership.
“The case is closed in accordance with the prescriptions of the current legislation of Ukraine regarding the impossibility of returning bank shares to former owners”, – emphasized Deglava.
