Igor Kolomoisky's case: The Supreme Court has rejected the appeal regarding the return of PrivatBank.

The Supreme Court has concluded the case regarding the appeal against the nationalization of the bank. The Cassation Economic Court of the Supreme Court has definitively confirmed that the return of the state-owned "PrivatBank" to its former owners is impossible, and has also deemed the closure of case No. 910/1834/19, initiated by Igor Kolomoisky and the Cypriot company Triantal Investments LTD, as lawful. This was reported by the National Bank and PrivatBank, as stated by "Vidomo".

The court ruling affirmed the legality of the bank's nationalization and the impossibility of its return to private shareholders.

"The Supreme Court once again stated that there were no violations of the rights of former shareholders in the procedure for withdrawing the insolvent PrivatBank from the market with the involvement of the state," – the NBU's statement reads.

"Kolomoisky's case and that of Triantal posed significant risks to the country's financial system due to the demands of our opponents, however, the bank remains state-owned. The case is closed," – said board member responsible for restructuring and troubled assets at PrivatBank, Solvita Deglava.

Kolomoisky previously owned 41.66% of PrivatBank's shares, while Triantal held 16.82%.

The proceedings on their claim were closed based on the provisions of the "anti-Kolomoisky" law No. 590-IX, which prohibits the invalidation of contracts made during the process of withdrawing banks from the market.

After the signing of the purchase and sale agreement for the shares of the insolvent bank and their transfer to the investor, the state as an investor cannot be deprived of ownership rights to the shares it has acquired. Such shares cannot be demanded in favor of the previous owner.