Tuesday03 December 2024
good-news.com.ua

The Supreme Court has definitively denied Kolomoisky's request to reclaim "PrivatBank."

On November 26, the Commercial Cassation Court of Ukraine, part of the Supreme Court, made a final ruling regarding the return of the nationalized "PrivatBank" to its former owners. This information was reported by the website of the National Bank of Ukraine.
Верховный Суд окончательно отклонил иск Коломойского о возврате "ПриватБанка".

The court has rejected the cassation appeals of detained businessman Igor Kolomoisky and the Cypriot company Triantal Investments Ltd.

"The Supreme Court once again confirmed that there are no violations of the rights of former shareholders in the process of withdrawing the insolvent 'PrivatBank' from the market with the participation of the state," the NBU statement reads.

At 'PrivatBank', the judges' decision was described as "an example of the rule of law prevailing in our country."

"The case of Kolomoisky and Triantal posed significant risks to the state’s financial system due to the demands of our opponents; however, the bank remains state-owned," the 'Privat' website reports.