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The National Bank intends to file a cassation appeal against the court's decision.
The Sixth Administrative Court of Appeals has rejected the appeal of the National Bank of Ukraine (NBU) against the decision of Kyiv's District Administrative Court, which satisfied the claim of the former shareholder of PrivatBank, the Cypriot company Triantal Investments Ltd.
Read alsoKyiv court issues another ruling in favor of PrivatBank's ex-owner Kolomoisky
"In particular, on 13 May 2019, the Sixth Appellate Administrative Court rejected the NBU's appeal against the ruling of the Kyiv District Administrative Court dated 2 March 2018 that satisfied the lawsuit filed by the Cyprus-based company Triantal Investments Ltd – PrivatBank's former shareholder," the regulator said on its website.
The National Bank intends to file a cassation appeal against the decisions of the courts, which canceled the NBU order on conducting an inspection at PrivatBank on the eve of its withdrawal from the market.
As UNIAN reported, the Cabinet of Ministers in December 2016 decided to nationalize PrivatBank, guided by the recommendations of the National Security and Defense Council. Before nationalization, the key shareholders of the bank were businessman Ihor Kolomoisky and his partner Gennadiy Bogolyubov.
On April 18, 2019, Kyiv's District Administrative Court declared unlawful and overturned the decision made in 2016 to withdraw "insolvent" PrivatBank from the market with the participation of the state.
The same court overturned the decision of the National Bank on the list of persons related to PrivatBank, which was one of the main for "bail-in" procedures for the bank's nationalization – the exchange of assets of entities affiliated with the bank for the bank's shares with their subsequent sale to Ukraine's Finance Ministry.