Court orders PrivatBank to pay $1.5 million to ‘forcibly’ nationalized firm


A guy walks out of a PrivatBank branch in Kyiv on Feb. 23, 2021. Kyiv’s Economic Court recently ruled that PrivatBank must pay $1.5 million to a company included the bank’s 2016 nationalization.

Kyiv’s Economic Court has ruled that state-owned PrivatBank must pay $1.5 million to the company Opt Nafta Plus.

The court stated that Ukraine’s central bank wrongfully recognized Opt Nafta Plus (formerly Optimus Plus) as a related party and included their deposits in the bail-in during the bank’s nationalization in December 2016.

Source: www.kyivpost.com

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