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PrivatBank appeals against Kyiv court decisions

Court's decision did not take force at the moment when the appeals were being considered
13:25, 28 May 2019

PrivatBank
The Quebec Times

The nationalized PrivatBank filed appeals against the decision of District Administrative Court of Kyiv as of April 18, 2019 on the case No. 826/7432/17, as the press office of the bank reported.

It was noted that appeals were filed against the decision of the court on the lawsuit of Igor Kolomoysky, former PrivanBank owner, concerning the cancellation of the decision to withdraw insolvent PrivatBank from the market with the state involved.

Related: Ukraine's Cabinet of Ministers appeals against cancelation of nationalization of PrivatBank

The bank also filed an appeal against the decision on the lawsuit of former shareholder of the bank of Cyprus company Triantal Investments Ltd. on cancellation of the decision made by National Bank of Ukraine's Commission.

“Considering this, court’s decision have not taken effect and do not have any legal consequences,” the message reads.

Related: National Bank of Ukraine ready to nationalize PrivatBank again

Earlier, nationalized PrivatBank filed a lawsuit against its ex-owner Iрor Kolomoysky; it will be considered by the Court of Chancery of Denver, the U.S.

As it was reported earlier, the court merged five Kolomoysky’s lawsuits against Ukraine's National Bank, PrivatBank.

Related: How could Zelensky defend PrivatBank?

The Prosecutor General Office launched an investigation on alleged pressure put by President Poroshenko on judges of PrivatBank case.

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.

Related: Prosecutor General Office investigates Poroshenko's influence on PrivatBank case

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.

 

 

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