Matter
JSC Commercial Bank Privatbank v Igor Valeryevich Kolomoisky and Others ([2026] EWHC 1617 (Ch))
PrivatBank's English litigation against Igor Kolomoisky and others includes a judgment on ring-fenced funds and enforcement rights under court orders.
Procedural record
- 24 July 2018United Kingdom
24 July 2018United Kingdom
Judgment of the High Court of Justice, Chancery Division, in the case BL-2017-000665 dated 24 July 2018
High Court of Justice, Chancery Division
- Citation
- [2018] EWHC 1910 (Ch)
- Decision summary
- Declarations were made concerning payments by or at the direction of the respondent. Funding of B Co legal fees was outside the exception and required the Bank's agreement or court permission; the court declined the requested declaration concerning Goiania's aircraft-related payments.
Participants
- Application
- Application concerning payments under the worldwide freezing order and its ordinary-and-proper-course-of-business exception
JSC Commercial Bank Privatbank
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
High Court of Justice, Chancery Division
- Judge
- THE HONOURABLE MR. JUSTICE FANCOURT
4 months and 10 days later · 133 days
- 4 December 2018United Kingdom
4 December 2018United Kingdom
Judgment of the High Court of Justice, Chancery Division, in the case BL-2017-000665 dated 4 December 2018
High Court of Justice, Chancery Division
- Citation
- [2018] EWHC 3308 (Ch)
- Decision summary
- Service on the BVI Defendants and the freezing orders were set aside; jurisdiction against the First and Second Defendants was declined under Article 6 of the Lugano Convention and the claim was struck out against them; the claim against the English Defendants was stayed; the freezing relief was not re-granted.
Participants
- Application
- Jurisdiction, service out, forum non conveniens, stay, non-disclosure, and continuation of the freezing orders
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Chancery Division
- Judge
- THE HONOURABLE MR JUSTICE FANCOURT
14 days later · 14 days
- 18 December 2018United Kingdom
18 December 2018United Kingdom
Judgment of the Court of Appeal (Civil Division) in appeal cases A3/2018/1932 and A3/2018/1933 dated 18 December 2018
Court of Appeal (Civil Division)
- Citation
- [2018] EWCA Civ 3040
- Decision summary
- Both appeals and the cross-appeal were dismissed.
Participants
- Application
- Appeal concerning the ordinary-and-proper-course-of-business exception to the freezing order
Igor Valeryevich Kolomoisky
Court of Appeal (Civil Division)
- Judge
- LORD JUSTICE LONGMORE
- Judge
- LORD JUSTICE PETER JACKSON
- Judge
- LADY JUSTICE ASPLIN
9 months and 27 days later · 301 days
- 15 October 2019United Kingdom
15 October 2019United Kingdom
Judgment of the Court of Appeal (Civil Division) in appeal case A3/2018/3110 dated 15 October 2019
Court of Appeal (Civil Division)
- Citation
- [2019] EWCA Civ 1708
- Decision summary
- The appeal was allowed. The Court of Appeal reversed the material jurisdiction and stay conclusions and restored the claim to proceed in England, subject to the terms of its order.
Participants
- Application
- Appeal against the 4 December 2018 jurisdiction, stay, service, and freezing-order decision
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
Court of Appeal (Civil Division)
1 year, 4 months and 9 days later · 498 days
- 24 February 2021United Kingdom
24 February 2021United Kingdom
Judgment of the High Court of Justice, Chancery Division, in the case BL-2017-000665 dated 24 February 2021
High Court of Justice, Chancery Division
- Citation
- [2021] EWHC 403 (Ch)
- Decision summary
- Cross-examination was refused as disproportionate and not just or convenient. The judgment left open focused requests for reasonable written information.
Participants
- Application
- Bank's application to cross-examine Mr Kolomoisky on asset disclosure and to obtain further information for policing the freezing order
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Chancery Division
- Judge
- THE HONOURABLE MR JUSTICE TROWER
16 days later · 16 days
- 12 March 2021United Kingdom
12 March 2021United Kingdom
Costs judgment of the High Court of Justice, Chancery Division, in the case BL-2017-000665 dated 12 March 2021
High Court of Justice, Chancery Division
- Citation
- [2021] EWHC 580 (Ch)
- Decision summary
- The Bank was ordered to pay Mr Kolomoisky £91,596 on account of his costs, subject to detailed assessment.
Participants
- Application
- Costs following the refused cross-examination application
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
High Court of Justice, Chancery Division
- Judge
- THE HONOURABLE MR JUSTICE TROWER
3 months and 26 days later · 118 days
- 8 July 2021United Kingdom
8 July 2021United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 8 July 2021
High Court of Justice, Business List (ChD)
- Citation
- [2021] EWHC 1910 (Ch)
- Decision summary
- The court held that the confidentiality club continued until an order dealing with its continued operation was sealed, then set it aside. The case was to proceed to trial without the confidentiality club.
Participants
- Application
- Applications about the construction, continuation, and discharge of the confidentiality club governing U/R asset disclosure under the worldwide freezing order
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- The Honourable Mr Justice Trower
8 months and 24 days later · 267 days
- 1 April 2022United Kingdom
1 April 2022United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 1 April 2022
High Court of Justice, Business List (ChD)
- Citation
- [2022] EWHC 775 (Ch)
- Decision summary
- The trial was adjourned from June 2022 to a date in the first half of June 2023. The judgment records the continuing preparation and the limits on further adjournment assumptions.
Participants
- Application
- Applications by all eight defendants to adjourn the trial after the Russian invasion of Ukraine
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- THE HONOURABLE MR JUSTICE TROWER
10 days later · 10 days
- 11 April 2022United Kingdom
11 April 2022United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 11 April 2022
High Court of Justice, Business List (ChD)
- Citation
- [2022] EWHC 868 (Ch)
- Decision summary
- The court directed a further review of all redactions against the issues in the proceedings and ordered a schedule identifying recipient, date, time, and a generic description of each remaining redaction.
Participants
- Application
- Application concerning redactions in 26 chains of WhatsApp messages disclosed from Mr Kolomoisky's mobile telephones
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- THE HONOURABLE MR JUSTICE TROWER
2 months and 3 days later · 64 days
- 14 June 2022United Kingdom
14 June 2022United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 14 June 2022
High Court of Justice, Business List (ChD)
- Citation
- [2022] EWHC 1445 (Ch)
- Decision summary
- Relief was shaped around reasonable endeavours to procure payment of declared dividends and rapid passage through the payment chain. The court did not require acceptance of payment in UAH where the contractual right was to receive US dollars.
Participants
- Application
- Ancillary relief under the worldwide freezing order concerning the KZhRK receivable and related payment steps
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- THE HONOURABLE MR JUSTICE TROWER
7 months and 17 days later · 231 days
- 31 January 2023United Kingdom
31 January 2023United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 31 January 2023
High Court of Justice, Business List (ChD)
- Citation
- [2023] EWHC 165 (Ch)
- Decision summary
- The agreed overseas enforcement form was accepted and further disclosure relief was justified, subject to reasonable steps and reasonable enquiries qualifications.
Participants
- Application
- Enforcement and policing of the worldwide freezing order, further disclosure, and relief in overseas jurisdictions
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- THE HONOURABLE MR JUSTICE TROWER
1 month and 27 days later · 58 days
- 30 March 2023United Kingdom
30 March 2023United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 30 March 2023
High Court of Justice, Business List (ChD)
- Citation
- [2023] EWHC 793 (Ch)
- Decision summary
- Permission to amend was granted in the form indicated. The order included a £600,000 figure for paragraph 17B and required the instructions to Mr Davidson to be provided; an unless-order form was refused.
Participants
- Application
- Mr Kolomoisky's application to amend his defence, including currency and Ukrainian-law/proceedings amendments
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- Mr Justice Trower
2 months later · 61 days
- 30 May 2023United Kingdom
30 May 2023United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 30 May 2023
High Court of Justice, Business List (ChD)
- Citation
- [2023] EWHC 1300 (Ch)
- Decision summary
- Permission to amend was granted in the form sought after considering the late-amendment and pleading issues.
Participants
- Application
- Third to Eighth Defendants' application to amend their re-re-re-amended defence, including unjust-enrichment issues
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- THE HONOURABLE MR JUSTICE TROWER
1 year, 1 month and 15 days later · 412 days
- 15 July 2024United Kingdom
15 July 2024United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 15 July 2024
High Court of Justice, Business List (ChD)
- Citation
- [2024] EWHC 1837 (Ch)
- Decision summary
- Permission to disclose was granted. The court found that the public interest in investigating the alleged fraud substantially outweighed the concern about collateral use of compelled documents.
Participants
- Application
- Bank's application for permission to disclose two schedules from its re-re-re-re-amended particulars of claim to the Ukrainian Bureau of Economic Security under a Ukrainian criminal-court order
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- MR. JUSTICE TROWER
4 months and 19 days later · 142 days
- 4 December 2024United Kingdom
4 December 2024United Kingdom
Judgment of the High Court of Justice, Chancery Division, in the case BL-2017-000665 dated 4 December 2024
High Court of Justice, Chancery Division
- Citation
- [2024] EWHC 3394 (Ch)
- Decision summary
- Permission was refused at that stage. The court left open a renewed application supported by an independent valuation or a higher figure.
Participants
- Application
- Application for permission to sell seven grounded aircraft in Ukraine to Adriyatik Aviation for approximately US$40 million
JSC Commercial Bank Privatbank
High Court of Justice, Chancery Division
- Judge
- MR JUSTICE TROWER
1 month and 11 days later · 42 days
- 15 January 2025United Kingdom
15 January 2025United Kingdom
Costs judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 15 January 2025
High Court of Justice, Business List (ChD)
- Citation
- [2025] EWHC 50 (Ch)
- Decision summary
- Mr Bogolyubov was ordered to pay the Bank's costs of the application, summarily assessed at £68,821. The underlying application and agreed matters remain part of the procedural history.
Participants
- Application
- Outstanding matters in the Bank's application for Mr Bogolyubov to use reasonable endeavours to restore 21 companies to the BVI register and report progress
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
6 months and 15 days later · 196 days
- 30 July 2025United Kingdom
30 July 2025United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 30 July 2025
High Court of Justice, Business List (ChD)
- Citation
- [2025] EWHC 1987 (Ch)
- Decision summary
- The Repayment Defence and Limitation Defence failed. The Individual Defendants were held jointly and severally liable for compensation of US$1,911,877,385 less the real value of Transferred Assets. The Corporate Defendants were held liable for specified tort and unjust-enrichment claims to the extent set out in the judgment.
Participants
- Application
- 43-day trial of the Bank's claim, begun on 12 June 2023 and concluded on 10 November 2023
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- THE HONOURABLE MR JUSTICE TROWER
3 months and 11 days later · 103 days
- 10 November 2025United Kingdom
10 November 2025United Kingdom
Consequentials judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 10 November 2025
High Court of Justice, Business List (ChD)
- Citation
- [2025] EWHC 2909 (Ch)
- Decision summary
- The judgment addressed the form and operation of the consequential orders. The Individual Defendants' agreed principal sum was US$1,761,957,792; the judgment also dealt with interest, costs, stays, appeal permission, asset preservation, and disclosure. A further consequential hearing was adjourned where required.
Participants
- Application
- Consequential matters after the trial judgment, including the judgment sum, interest, costs, permission to appeal, stay of execution, the amended WFO, and the delivery-up and disclosure order
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business List (ChD)
- Judge
- THE HONOURABLE MR JUSTICE TROWER
6 months and 12 days later · 193 days
- 22 May 2026United Kingdom
22 May 2026United Kingdom
Judgment of the Court of Appeal (Civil Division) in appeal cases CA-2025-002963 and CA-2025-002972 dated 22 May 2026
Court of Appeal (Civil Division)
- Citation
- [2026] EWCA Civ 658
- Decision summary
- The appeal was dismissed. The Court of Appeal upheld the trial judge's rejection of the factual premise for the Repayment Defence and did not interfere with the finding concerning loss. The source states the agreed principal sum as US$1,761,957,792.
Participants
- Application
- Appeal by Mr Kolomoisky and Mr Bogolyubov against the trial judgment on the Repayment Defence and Ukrainian-law loss
JSC Commercial Bank Privatbank
Igor Valeryevich Kolomoisky
Gennadiy Borisovich Bogolyubov
Court of Appeal (Civil Division)
- Judge
- LORD JUSTICE ARNOLD
- Judge
- SIR LAUNCELOT HENDERSON
1 month and 7 days later · 38 days
- 29 June 2026United Kingdom
29 June 2026United Kingdom
Judgment of the High Court of Justice, Business List (ChD), in the case BL-2017-000665 dated 29 June 2026
High Court of Justice, Business and Property Courts of England and Wales, Business List (ChD)
- Citation
- [2026] EWHC 1617 (Ch)
- Decision summary
- The court construed the ring-fencing provisions governing the New Enyo Accounts and held that, when a disapplication event occurred, those provisions no longer applied and PrivatBank was at liberty to enforce against the ring-fenced funds. It refused the relief sought by the Second Defendant in his 10 June 2026 application notice.
Participants
- Application
- Second Defendant's application notice dated 10 June 2026 — Relief refused
JSC Commercial Bank Privatbank
- Representative
- Daniel Saoul KC (For: JSC Commercial Bank Privatbank)
- Representative
- Conor McLaughlin (For: JSC Commercial Bank Privatbank)
- Representative
- Hogan Lovells International LLP (For: JSC Commercial Bank Privatbank)
Igor Valeryevich Kolomoisky
- Representative
- Charles Béar KC (For: Igor Valeryevich Kolomoisky)
- Representative
- Fieldfisher LLP (For: Igor Valeryevich Kolomoisky)
Gennadiy Borisovich Bogolyubov
- Representative
- Craig Morrison KC (For: Gennadiy Borisovich Bogolyubov)
- Representative
- Geoffrey Kuehne (For: Gennadiy Borisovich Bogolyubov)
- Representative
- Enyo Law LLP (For: Gennadiy Borisovich Bogolyubov)
Teamtrend Limited
Trade Point Agro Limited
Collyer Limited
Rossyn Investing Corp
Milbert Ventures Inc
ZAO Ukrtransitservice Ltd
High Court of Justice, Business and Property Courts of England and Wales, Business List (ChD)
- Judge
- The Honourable Mr Justice Trower