Court delays consideration of Kolomoysky's lawsuit on purchase of Privatbank by Ukraine's govt

Source : 112 Ukraine

The suit will not be considered at least until April 16; Kolomoysky, the ex-owner of the bank, asks the court to recognize the respective agreement of sale and purchase invalid
22:07, 9 April 2019

Open source

The Commercial Court of Kyiv has delayed the consideration of the lawsuit by Ihor Kolomoysky and Triantal Investments Ltd. The lawsuit concerns the purchase of Privatbank by Ukraine's Finance Ministry. The document will not be taken for consideration until April 16. Interfax-Ukraine news agency reported that on April 9.

The sale and purchase agreement, signed between the Finance Ministry and the bank's shareholders was signed in December 2016. Kolomoysky, the oligarch who supports comedian Volodymyr Zelensky in his electoral campaign asked the court to recognize this document invalid. He also demands to give him Privatbank's shares back. The court granted this motion.

Related: Ukraine's oligarch Kolomoysky demands to return him USD 2 bn from Privatbank

The Finance Ministry requested that the court leave this lawsuit without consideration; the request was declined.

Earlier, Kolomoysky, the Ukrainian oligarch and former owner of Privatbank, demanded to give him back two billion U.S. dollars of the bank's assets. He might, in turn, give up this financial institution. Kolomoysky said that in his interview with Ekonomichna Pravda

'I don't get the government's position. Do they want to keep Privatbank? Let them. I don't need Privatbank. But there were 2 billion dollars of assets. Let them return it, and we're good,' Kolomoysky said. 

Related: Hague Court of Arbitration rules in favor of PrivatBank

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