Court orders PrivatBank to pay over $250 mln to Surkis family

PrivatBank confirmed the report to Ukrinform.

"On April 15, Kyiv Court of Appeal dismissed the appeal and upheld the ruling of the Pechersky District Court that obliged PrivatBank to pay more than $250 million to the offshore companies of the Surkis brothers," the bank said.

As was reported earlier, the court repeatedly adjourned the hearing of the case. PrivatBank's lawyers were not invited to a preliminary court hearing of the appeal filed by the state bailiff against the decision to pay $250 million to the offshore companies of the Surkis family.

At the same time, the Grand Chamber of the Supreme Court of Ukraine set for April 27 the hearing of the case on a lawsuit filed by the Surkis brothers against the National Bank of Ukraine to recognize them as persons related to PrivatBank and to exchange their PrivatBank deposits for shares.

On December 18, 2016, the Cabinet of Ministers adopted a decision on the state's entry into PrivatBank's capital. Within the nationalization of the bank, its obligations to related parties were subject to the bail-in procedure and were exchanged for shares of the bank's additional issue.

On May 17, 2017, Kyiv's District Administrative Court found it illegal and overturned the NBU commission's decision to recognize the Surkis family as persons related to PrivatBank, and revoked the orders of the provisional administrator of PrivatBank concerning individuals' accounts. The Surkis family and persons related to them filed 42 claims against the National Bank of Ukraine.

op