The sixth administrative court of appeals has created a panel of judges for hearing a counterclaim of the National Bank of Ukraine (NBU), the Cabinet of Ministers of Ukraine and PrivatBank seeking to abolish the ruling of Kyiv’s district administrative court on the nationalization of PrivatBank, the NBU told reporters on Nov. 6.
According to the NBU’s experts, according to the current practice, soon the date of the hearing of the counterclaim will be known.
The National Bank said that another court decided to suspend hearing of the NBU’s counterclaim against the ruling of the Pechersky district court of Kyiv issued on April 20, on the termination of the personal bail agreement of former bank owner Ihor Kolomoysky on Hr 9.2 billion refinancing loans, pending the verdict in the case on the nationalization of PrivatBank.
As reported, on Oct. 16, Kyiv business court took a similar pause in the case of the return of PrivatBank shares to its former owners.
Ukraine’s government, at the recommendation of the National Bank of Ukraine (NBU) and former shareholders of PrivatBank, the largest of whom at that time were Kolomoisky and Hennadiy Boholiubov, on Dec. 18, 2016 decided to nationalize PrivatBank, the largest Ukrainian financial institution. The state injected over Hr 155 billion in the bank’s capital. PrivatBank’s ex-owners have said they consider the nationalization illegal, while Ukraine has demanded additional compensation from them for damages.
District Administrative Court in Kyiv on April 18, in response to Kolomoisky’s lawsuit, cancelled the decision on nationalization of the PrivatBank, as well as the decision of the NBU on the list of affiliated persons of the bank.
The parties are currently engaged in litigation in Ukraine and abroad.
