The Supreme Court on Tuesday, July 26, confirmed the legitimacy of a key episode of the nationalization of PrivatBank - an inspection check that revealed a negative value of the bank's capital in 2016 and other violations. This was reported by the press service of Privatbank.

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By this decision, the Court canceled the decision of the courts of previous instances to recognize as illegal and cancel the order of the National Bank of Ukraine dated 17. ten. 2016 on inspection check of PrivatBank.

This is the final court decision in this case, which is an important part of the legal battle between the state-owned PrivatBank and the former owners over the legality of the bank's nationalization..

Recall that it was the result of the inspection that the National Bank came to the conclusion about the need for nationalization.

PrivatBank was audited in October 2016. On December 18, 2016, the state nationalized the institution.

In May 2017, the Cypriot company Triantal Investments Ltd, controlled by the former shareholders of PrivatBank, appealed against the order of the National Bank on organizing an inspection of the bank and the actions of the regulator during it..

On March 2, 2018, the District Administrative Court of the city of Kyiv made a decision by which the company's claims were fully satisfied. This court decision was upheld by the Sixth Administrative Court of Appeal on May 13, 2019.

Disagreeing with this, the National Bank and PrivatBank filed an appeal with the Supreme Court.

Recall that the sources ZN. UA at the office of the President of Ukraine confirmed the existence of a decree by President Volodymyr Zelensky on the deprivation of citizenship of ten people, including the former owner of Privatbank, oligarch Igor Kolomoisky.