The Supreme Court of Ukraine rejected Igor Kolomoisky's cassation appeal against PrivatBank's return. This decision is final and confirms the legality of nationalization of the financial institution in 2016.
The final decision of the court
According to the National Bank of Ukraine (NBU), the Supreme Court left without satisfaction of the lawsuit of Kolomoisky and confirmed the inability to return Privatbank to former owners. Thus, the nationalization of the bank, which took place in December 2016, remains valid and legitimate.
On February 26, 2025, the court left without satisfaction of the cassation complaint of the former co -owner of Privatbank Igor Kolomoisky and left the decision of the court of appeal, which closed the proceedings in the case of appeal against decisions of public authorities on the withdrawal of PrivatBank from the market with the participation of the state. The Supreme Court's ruling is final and is not subject to appeal.
The National Bank greeted the Supreme Court's decision, which called the assertion of the rule of law in Ukraine.
According to the NBU, the Supreme Court confirmed the legality of closing the proceedings in the case on the basis of the provisions of the Law of Ukraine “On Amendments to Certain Legislative Acts of Ukraine on Improving Mechanisms for Regulation of Banking” No. 590s.
“I emphasize that the decision on the withdrawal of insolvent Privatbank with the participation of the state was made in accordance with the rules of the current legislation, was supported by the NSDC and the government in order to ensure financial stability and preserve citizens' funds. (…) Therefore, the impossibility of returning Privatbank to the former shareholders is confirmed in court. It should also be noted that all decisions of the state bodies to nationalize Privatbank are valid, ” - said the head of the National Bank Andriy Pyshny.
