Court rejects Boholiubov's claim, reaffirms legality of PrivatBank nationalization
The Kyiv Economic Court on Monday confirmed the legality of nationalization, closing the case on the claim of former co-owner of the bank Hennadiy Boholiubov to invalidate transactions within the framework of the nationalization of PrivatBank (Kyiv) in 2016, the press service of the financial institution reports.
"In this case, Boholiubov, the former owner of PrivatBank, tried to claim the shares of the nationalized PrivatBank into his ownership. The court, strictly observing the requirements of the law, closed the proceedings in this case, as required by law No. 590. Of course, this is a victory for justice and the state as the sole shareholder of the bank,” said PrivatBank’s lawyer Viktor Tarasenkov.
It is clarified that when considering the case, the court took into account the practice of the Grand Chamber of the Supreme Court in the case of Oleksandr Dubilet and applied the so-called “anti-Kolomoisky” law on amendments to certain legislative acts of Ukraine to improve the mechanisms for regulating banking activities No. 590-IX.
As reported, the Sixth Administrative Court of Appeal on November 15, 2023 closed the proceedings against the ex-owners of PrivatBank against the decision to withdraw it from the market with the participation of the state and confirmed the impossibility of returning the nationalized bank to the former owners.
The court, in particular, overturned the decision of the District Administrative Court of Kyiv dated April 18, 2019, which satisfied the claim of ex-co-owner of PrivatBank Ihor Kolomoisky against the National Bank, the Cabinet of Ministers, the Deposit Guarantee Fund, the National Securities and Stock Market Commission about the illegality and cancellation of decisions to withdraw the insolvent bank from the market.