PrivatBank in Israel files new claim against Kolomoisky for $600 mln
News Line
Ukraine reports 5,276 new COVID-19 cases Zelensky: Every third Ukrainian considers road construction one of greatest achievements of 2021 Ukraine ready to implement Minsk agreements, but Russia's desire needed - Yermak Michel: EU unanimously agree to roll over economic sanctions against Russia Actions by Ukraine's partners will help prevent worst-case scenario - Zelensky COVID-19 in Ukraine: Health officials confirm 8,899 daily cases as of Dec 17 Macron tells Zelensky he declared support for Ukraine in call with Putin Zelensky, Scholz discuss gas transit through Ukraine after 2024 Ukraine ready for any format of talks with Russia - Zelensky Ukraine’s only journalist in Russia facing extremism charges - lawyer PM Shmyhal: First two applications for investment projects worth $96 million filed Zelensky, PM of Italy discuss security situation around Ukraine President signs off State Budget 2022 London considering all options for responding to Russia's aggression against Ukraine Putin, Biden to hold another round of talks Some 260,000 Ukrainians “victims of human trafficking” over 30 years - prosecutor general Ukraine plans to create center to protect energy infrastructure from cyber attacks No clear idea so far when Normandy Four top diplomats set to meet - German Ambassador Ukraine receives EUR 600M in macro-financial assistance from EU Zelensky holds phone conversation with PM of Israel Ukraine sets new daily COVID vaccination record MFA: European Union has not yet removed Ukraine from list of safe countries Kyiv records 1,023 new COVID-19 cases, 29 deaths G7 ambassadors welcome adoption of law on NABU status Ukraine can increase Covid vaccination rates to 1.5M a week – Liashko

On December 18, PrivatBank initiated a new $600 million claim in Tel Aviv District Court against its former owners and other defenders, according to the press service of PrivatBank.
"The bank initiated a new claim in Tel Aviv District Court in Israel against former bank owners and other defendants. The claim is $600 million," the statement said.

Following further analysis, PrivatBank increased the amount of the claims in the Delaware Court of Chancery in the United States, and filed a supplementary claim. PrivatBank is continuing preparations for hearings of its claim against former owners and others persons for a sum totaling more than $3 billion (including interest) in the High Court of England and Wales.

As Ukrinform reported, on December 18, 2016, the Ukrainian government, at the suggestion of the National Bank of Ukraine and the shareholders of PrivatBank (at that time the largest shareholders were Ihor Kolomoisky and Hennadiy Bogolyubov), approved a decision on the nationalization of PrivatBank. The bank was transferred into the state ownership, and the state spent more than UAH 155 billion to increase its capitalization.

The bank former owners consider nationalization illegal. Court disputes are ongoing (both in Ukraine and in foreign jurisdictions). On April 18, 2019, the District Administrative Court of Kyiv overturned the decision on PrivatBank nationalization following the lawsuit filed by Kolomoisky. In response, the Cabinet of Ministers, the National Bank and PrivatBank immediately appealed against the decision in May.

On October 15, PrivatBank in the Court of Appeal of England and Wales won a case against Kolomoisky and Bogolyubov. The judges ruled that "the Bank has a good arguable case to recover the full US$1.9 billion [US$3 billion including interest] given in the particulars of claim," and that the worldwide freezing order should remain in place. The President’s Office stated that whatever the decisions of the courts, there is no reason to return state-owned PrivatBank to its for