The Supreme Court reiterated that there were no violations of the rights of former shareholders in the procedure for withdrawing the insolvent PrivatBank from the market with state participation.
On November 26, the Economic Court of Cassation as part of the Supreme Court confirmed the impossibility of returning state-owned PrivatBank to former co-owner Igor Kolomoisky. This was reported by the press service of the NBU.
The Supreme Court rejected the cassation appeals of Kolomoisky and the Cyprus company Triantal Investments Ltd and upheld the decision of the Economic Court of the city of Kyiv and the decision of the Northern Economic Court of Appeal. These court decisions closed the proceedings on the annulment of PrivatBank’s purchase and sale agreements during the nationalization of the bank in December 2016 and the obligation to return the bank’s shares to former shareholders.
“The Supreme Court reiterated that there were no violations of the rights of former shareholders in the procedure for the withdrawal of unpaid PrivatBank from the market with state participation,” NBU said.
Let’s remember that in February 2023, the Supreme Court confirmed the legality of the nationalization of PrivatBank.
Earlier it was reported that the NBU won a case against Kolomoisky for 18 billion hryvnia.
Source: korrespondent
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