Triantal Investments, a Cyprus-based company owned by Ukrainian businessmen Ihor Kolomoyskyy and Henadiy Boholyubov, filed two lawsuits on May 22 with the Kyiv Regional Administrative Court against the National Bank of Ukraine, the Ministry of Finance and Privatbank, the court materials say.
Triantal Investments owned 16.8% of Privatbank shares before its nationalization.
The details of the claim are still unknown, but the company demands to reverse the actions of the defendants as illegal and oblige them to perform certain actions.
The court appointed a meeting on the suit of the company on July 27.
Six companies registered in the Virgin Islands: Camerin Investments LLP, Sunnex Investments LLP, Tamplemon Investments LLP, Berlini Commercial LLP, Lumil Investments LLP, Sofinam Investments LLP, have filed lawsuits against Privatbank to unblock their assets.
Privatbank was brought to the brink of insolvency and bailed out by government intervention.
According to the National Bank, the corporate portfolio of Privatbank before the nationalization was by 100% made up of insider loans, that is, issued to companies associated with former stake holders Kolomoyskyy and Boholyubov.
During the negotiations on the nationalization of Privatbank, the government agreed to restructure the loans of Kolomoyskyy and Boholyubov for 10 years with a quarterly payment of interests provided that former shareholders file collaterals until 1 July, 2017.
In case of non-compliance, the two tycoons may face criminal punishment of up to 5 years.