Dubilet-senior and Other Privatbank Top Managers Attempting to Challenge NBU Decision on Nationalization in Court

Former board chairman in PrivatBank Oleksandr Dubilet and other former top managers are challenging PrivatBank nationalization. The said claims were submitted to Kyiv’s business court in late December and on January 2, ThePage has reported.

In 2017-2018, the top managers filed lawsuits against the state with the Pechersky district court of Kyiv, but the court refused to hear the relevant claims.

At the same time, in December 2019, several companies, which funds also fell under the bail-in (forcible conversion of deposits into new bank shares pending the nationalization), filed lawsuits against PrivatBank and the Finance Ministry with the Kyiv business court.

Among them are Chem-Oil-Transit-Ukraine LLC, Songo LLC, FC Finilon LLC, Revatis LLC, Partner-Expi LLC, Paritet LLC, KS Group LLC, Hangli International Holdings Limited, Craentex Investments Ltd, Hetterington Group Ltd, Birgminton Investing Inc., Veliona Trading Ltd, and Saviento Investments Ltd.

In October, the Kyiv business court postponed consideration of the claim by Ihor Kolomoisky and Triantal Investments, former PrivatBank owners, to return their shares. That is to be done after the court has announced the decision in the nationalization case.

On December 16, the Supreme Court announced break in case on Surkis’ deposits in PrivatBank. Afterwards, the Sixth Administrative Court of Appeal further announced temporary break in case on the cancellation of PrivatBank’s nationalization. The reason was the bank’s claim in which it requested the Grand Chamber of the Supreme Court to first hear the case against the Surkis family.

Currently, Dmytro Dubilet, one of the claimant’s son, is the Head of the State Statistics Service of Ukraine. Before, he served as the Minister of the Cabinet of Ministers for several months.