Court lifts seizure of shares and property of Ukrainian subsidiary of Sberbank

Published Nov. 23, 2018. Updated Nov. 23 at 5:07 pm

An activist of Ukrainian radical party "National Corps" sticks placards reading "Attention. It is the bank of the aggressing country. It will be closed. Urgent to withdraw your money" on the facade of a local branch of the Russian bank "Sberbank" on Feb. 2, 2017 in Kyiv, as part of a nation wide unlimited protest action to block Russian banks in Ukraine.

Photo by AFP

Kyiv’s Court of Appeals has lifted seizure from the shares and property of Sberbank (Kyiv).

Such information is contained in the court ruling dated Nov. 20.

The court also canceled the decision of the private executor on the prohibition to alienate in any way all movable and immovable property of the bank, to liquidate or reorganize the legal entity.

Recoverers in these executive proceedings were AMC Financial Vector, Privatland, and AMC Financial Capital.

As reported, in September Kyiv’s Court of Appeals seized the shares of the Ukrainian subsidiaries of Russian banks with state participation: VTB, Prominvestbank and Sberbank under the lawsuit of PrivatBank (all based in Kyiv).