Court merges five Kolomoysky’s lawsuits against Ukraine's National Bank, PrivatBank

Source : 112 Ukraine

The hearing is planned on May 20
18:30, 10 May 2019

The Supreme Economic Court of Kyiv has merged all five proceedings, which had been launched under the lawsuit of businessman Ihor Kolomoysky against the National Bank of Ukraine concerning the PrivatBank's invalidity of personal guarantee agreements. Interfax-Ukraine reported this with reference to the National Bank on May 10.

According to the report, the court planned to conduct hearing of this case on May 20.

Related: PrivatBank gets record revenue in 2018

The proceedings of one of the five cases, which was appointed as the first one (on May 10), was opened on April 22.

As we reported earlier, oligarch Ihor Kolomoysky filed another five lawsuits against the National Bank of Ukraine (NBU) and PrivatBank to Kyiv Economic Court.

On April 18, Kyiv-based court ruled that the nationalization of Privatbank in late 2017 was 'conducted with multiple law breaches.' The court, thus, granted the motion by Ihor Kolomoysky, the oligarch who appealed against the nationalization of the bank he had owned.

District Administrative Court of Kyiv granted the claim of Ukrainian oligarch Ihor Kolomoysky against the National Bank of Ukraine and Ukraine’s Government on nationalization of PrivatBank.

Related: IMF, G7 concerned about court's decision on PrivatBank case

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