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Kolomoyskyy files five lawsuits against National Bank

Kolomoyskyy files five lawsuits against National Bank
Ihor Kolomoyskyy
Photo: PhtoXPress

The former owner of PrivatBank, Ihor Kolomoyskyy, has filed five new lawsuits against the National Bank of Ukraine (NBU) and PrivatBank with the Kyiv economic court, the Novoye Vremya.Business publication reported on Friday, referring to sources in legal circles.

"On 19 April 2019, Kolomoyskyy filed five new claims in the business court of Kyiv against the National Bank of Ukraine and PrivatBank... The lawsuits dispute five loan agreements and his personal guarantee under them," the publication said.

According to the publication, the first hearings will be held on 10, 22 and 23 May.

According to the report, lawyers explain such actions by the ex-owner of PrivatBank with a desire to back up the decision of the Pecherskyy district court, made on April 20, which satisfied Kolomoyskyy's claim to terminate the personal guarantee agreement on refinancing loans issued to PrivatBank by the National Bank in the amount of UAH 9.2 billion.

As reported, Ukraine's government, at the recommendation of the National Bank of Ukraine (NBU) and former shareholders of PrivatBank, the largest of which at that time were Ihor Kolomoyskyy and Hennadiy Boholyubov, on December 18, 2016 decided to nationalize PrivatBank, the largest Ukrainian financial institution at the time.

Kyiv's district administrative court on 18 April 2019 recognized the nationalization of the bank as illegal based on a law suit filed by Kolomoyskyy. The NBU and Finance Ministry said they would appeal the ruling after publication by the court of its ruling. Both institutions said the decision to nationalize PrivatBank was correct.

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