The Kyiv court of appeals on 13 December overturned the decision of the court of first instance and adopted a new decision on the merits of the claim, which was denied to the former owner of the Bank Mikhailovsky, Viktor Polishchuk in satisfaction of the claim to the National Bank of Ukraine (NBU) about protection of business reputation.

July 11, Pechersk district court of Kyiv obliged the national Bank to refute the false information about Victor Polishchuk. The plaintiff demanded to recognize invalid and such that violate its business reputation information about the sale of the Bank and approval of such sale to the NBU.

“The national Bank did not agree with this decision of Kiev Pechersk district court and appealed to the appeal”, – informs the regulator on the official website.

The Kyiv court of appeals, having considered in depth the materials of the case, the appeal of the NBU was granted, and the court of first instance annulled and denied the claims completely.

At the end of may last year, the Bank announced the Bank Michael insolvent, and on 12 July, on the proposal of the Deposit guarantee Fund decided to revoke the banking license and its liquidation. At that time 100% of the shares belonged to the company Ekosian, 92.5% of which, in turn, belonged to Viktor Polishchuk, 3,9% – to Igor Doroshenko and 3% – to Victor Erasova.

The former owner of the Bank Mikhailovsky has lost a court of the NBU 15.12.2017

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