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Today, the Cassation Administrative Court as part of the Supreme Court (judges A.I. Rybachuk (presiding judge), A.Yu. Buchyk and L.V. Tatsii) satisfied the cassation appeal of PrivatBank, annulled the decisions of the courts of previous instances and rejected the lawsuit of the company Triantal Investments LTD, affiliated with the former owners of PrivatBank, on recognizing as illegal and canceling the order of the National Bank of Ukraine dated October 17, 2016 regarding the inspection of PrivatBank.
As a result of this inspection, the regulator discovered numerous violations in the activities of the management and former owners of PrivatBank in the period up to 2016 and concluded that the Bank should be withdrawn from the market as the only way to save it from bankruptcy and preserve financial stability in Ukraine.
This is the final court decision on this case, which is an important component of the legal battle between the state-owned PrivatBank and its former owners regarding the legality of the bank's nationalization. This victory in court emphasizes the relentless struggle of the bank for its rights and demonstrates that respect for the rule of law in Ukraine is possible.