Oligarch Kolomoysky files five lawsuits against National Bank, PrivatBank

Source : 112 Ukraine

The oligarch demands to recognize the credit contracts with his personal guarantee null and void
15:04, 26 April 2019

Ukrainian oligarch Ihor Kolomoysky

Oligarch Ihor Kolomoysky filed another five lawsuits against the National Bank of Ukraine (NBU) and PrivatBank to Kyiv Economic Court as NV Biznes reported.  

Moreover, one of the lawsuits appeared in the registered of the court decisions.

It is reported that Kolomoysky disputes five credit contracts and his guarantee on them. The first hearings will take place on May 10, May 22 and May 23.

According to the lawyers, such decision was made for the support of the decision of Pechersk court. It granted the lawsuit of Kolomoysky on the abolishment of personal guarantee on the refinancing loans issued to PrivatBank by the NBU in the sum of $348,118.

“The filing of the new lawsuits by Ihor Kolomoysky to Kyiv Economic Court on the recognition of his guarantee before the NBU on the refinancing loans of PrivatBank also can shows about the awareness of his lawyers on the absence of the legal effects expected by the claimant during the appealing to the court,” the experts said.

Related: PrivatBank to sell stocks of its Latvian subsidiary

“And the most important is the awareness about sufficient legal basis for the compulsory abolishment of the decision of Pechersk District Court of Kyiv announced on April 20, which terminated the contracts of the personal guarantee of Ihor Kolomoysky in the appeal,” they specified.

In the case if Pechersk District Court does not accept the legal arguments of the bank, it can be treated as the neglect of the legal conclusions of the Supreme Court.

“These conclusions are obligatory for the use, for example, on the impossibility to termination of the contracts on the guarantee basing on mentioned grounds. Such lawsuits should be considered in the order of the economic court and consequently, Pechersk Court has to stop the proceeding in the case of Koloymysky’s lawsuit,” the message said.

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: PrivatBank nationalization: Judges claim pressure from authority

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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