Kyiv’s Commercial Court has postponed until Oct. 17 a ruling on returning PrivatBank to its former owners, principally Ihor Kolomoisky.

Kyiv’s Commercial Court has postponed until Oct. 17 a ruling on returning PrivatBank to its former owners, principally Ihor Kolomoisky. With an IMF program hanging in the balance, a National Bank spokesman said: “We hope that the court will objectively evaluate the case and make a decision based on law.” In February, the court unexpectedly accepted the lawsuit filed by oligarch Kolomoisky. In April, a Kyiv District Administrative Court ruled the Dec. 2016 nationalization of PrivatBank to be illegal. The Finance Ministry immediately appealed the decision.