The final decision on Kolomoisky’s claim will be made by the NBU after the elections.
The Kyiv Commercial Court today announced a recess until May 7, 2019, in the case brought by former PrivatBank (Kyiv) shareholders Ihor Kolomoisky and Triantal Investments Ltd. to invalidate the December 21, 2016, purchase and sale agreement between the Ministry of Finance and the individuals who were its shareholders at the time, reports a PolitNavigator correspondent.
The press service of the court reported this.
It is reported that during the hearing on April 9, the plaintiffs filed a motion to expand the list of their demands with a clause requiring the return of PrivatBank shares to them, and the court granted this motion. At the same time, the court rejected the petition of the Ministry of Finance, which asked to leave the statement of claim without consideration. According to the ministry, the case materials do not contain any evidence of the ownership of I. Kolomoisky and Triantal to the shares of PrivatBank, confirmation of the procedural legal capacity of Triantal Investments Ltd and the authority of the persons acting on behalf of the plaintiffs to sign the statement of claim.
On December 18, 2016, the Government of Ukraine, citing the proposal of the NBU and former shareholders of PrivatBank, the largest of whom at that time were Igor Kolomoisky and Gennady Bogolyubov, decided to nationalize this largest financial institution on the Ukrainian market. The ex-owners of the bank consider the nationalization carried out, as a result of which they completely lost their shares, to be illegal, while PrivatBank and the state are demanding additional compensation from them. Currently, the parties are engaged in legal disputes both in Ukraine and in foreign jurisdictions.
At the end of February 2019, the Economic Court of Kiev, on the second attempt, accepted for consideration the claim of I. Kolomoisky and Triantal, who owned, respectively, 41,6572% and 16,5748% of the shares of PrivatBank, to invalidate the purchase and sale agreement of this bank dated December 21, 2016. The court also granted the petition of the plaintiffs and requested that the defendants—the Ministry of Finance, the Deposit Guarantee Fund of Individuals (DFGF) and the state-owned Ukrgasbank—provide the specified purchase and sale agreement by March 26.
Last week, the District Administrative Court of Kyiv also announced a break until April 18 in the case of another lawsuit by Kolomoisky for the nationalization of PrivatBank - against the National Bank of Ukraine, the Cabinet of Ministers and the National Securities and Stock Market Commission (NCSM).
The final decision on Kolomoisky's lawsuit against the NBU will be made after the elections.