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PrivatBank appeals against the decision of the Commercial Court of Kyiv dated 24.02.2021 on securing a claim against the bank and the government from the primary trade union organization of PrivatBank employees by prohibiting any actions to elect and appoint the chairman of the bank.

The press service of PrivatBank stated that according to the law, the appointment of the Chairman of the Board is the exclusive competence of the Supervisory Board. The appointment is made on a competitive basis, which is a prerequisite for the functioning of the corporate governance system, enshrined in the Principles of Strategic Reform of the Public Banking Sector and the relevant legislation. The competition is held in accordance with current legislation, in particular, in the field of the management of state-owned banks.

The decision to grant the injunction to secure the claim is unprecedented and was made by the court in response to a second request by the union, while the first was rejected. The claim and the requests for injunctions by the trade union are another attempt to destabilize the bank's work. By filing numerous and unsubstantiated legal claims and appeals to law enforcement agencies with allegations of crimes, such as accusing the bank's top managers of espionage, the primary trade union of PrivatBank's employees is trying to prevent the bank from operating and fulfilling its responsibilities.

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