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Court postpones case on PrivatBank nationalization to April 22

The consideration of the appeal of the National Bank of Ukraine will be held after the second round of the presidential elections
19:48, 15 April 2019

Open source

The Administrative Court of Appeal postponed the case of the basis for the nationalization of PrivatBank will April 22. The court ruled that on Monday, April 15, Interfax-Ukraine reports referring to the representative of one of the disputing parties.

“The sixth Administrative Court of Appeal postponed the consideration of the appeal of the National Bank of Ukraine against the decision of Kyiv District Court to cancel the decision of NBU to inspect PrivatBank in October 2016,” the message reads.

Related: Revers in nationalization of PrivatBank threats relations with IMF, crisis, default, - Poroshenko

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. 

The decision to nationalize Privatbank was made in December 2017. 100 percent of its shares were handed over to the state. The IMF supported that decision, stating that it's an important step to secure Ukraine's financial stability.

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

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