Court decisions on PrivatBank slow down cooperation with international partners – NBU

Court decisions on PrivatBank slow down cooperation with international partners – NBU

Ukrinform
Court decisions on appeals against the nationalization of PrivatBank hinder the work with international financial institutions since they create legal uncertainty.

The NBU’s press service reported this on its Facebook page.

"The recent court decisions on appeals against the nationalization of PrivatBank have not entered into force and will be appealed. At the same time, such court rulings make it difficult to work with international financial institutions, since they create certain legal uncertainty," the report reads.

The National Bank notes that the international partners of Ukraine have already made corresponding public statements. However, the NBU will continue to consistently defend its position in all court proceedings in which it is a party.

As reported, on April 18, 2019, Kyiv's District Administrative Court satisfied businessman Ihor Kolomoisky's claim against the National Bank of Ukraine, the Cabinet of Ministers, the Deposit Guarantee Fund and the National Commission on Securities and the Stock Market regarding the nationalization of PrivatBank.

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