Arbitral Digest

Matter

JSC Commercial Bank Privatbank v Igor Valeryevich Kolomoisky & Anor ([2026] EWCA Civ 658)

  1. 22 May 2026United Kingdom

    22 May 2026United Kingdom

    Judgment of the England and Wales Court of Appeal (Civil Division) in the cases CA-2025-002963 and CA-2025-002972 dated 22 May 2026

    England and Wales Court of Appeal (Civil Division)

    Case no.
    CA-2025-002963, CA-2025-002972
    Citation
    [2026] EWCA Civ 658
    Decision summary
    The Court of Appeal dismissed Igor Kolomoisky's and Gennadiy Bogolyubov's appeal against the High Court's finding that they were jointly and severally liable to PrivatBank for harm caused by fraudulent drawdowns. It upheld the rejection of the Repayment Defence and declined to interfere with the High Court's Ukrainian-law finding.

    Supporting details

    8 authorities · 15 participants
    JSC Commercial Bank Privatbank
    Representative
    Andrew Hunter KC (For: JSC Commercial Bank Privatbank)
    Representative
    Daniel Saoul KC (For: JSC Commercial Bank Privatbank)
    Representative
    Christopher Lloyd (For: JSC Commercial Bank Privatbank)
    Representative
    Hogan Lovells International LLP (For: JSC Commercial Bank Privatbank)
    Igor Valeryevich Kolomoisky
    Representative
    Alexander Milner KC (For: Igor Valeryevich Kolomoisky)
    Representative
    Fieldfisher LLP (For: Igor Valeryevich Kolomoisky)
    Gennadiy Borisovich Bogolyubov
    Representative
    Mark Howard KC (For: Gennadiy Borisovich Bogolyubov)
    Representative
    Geoffrey Kuehne (For: Gennadiy Borisovich Bogolyubov)
    Representative
    Enyo Law LLP (For: Gennadiy Borisovich Bogolyubov)
    England and Wales Court of Appeal (Civil Division)

    Authorities cited

    8
    • Civil Code of Ukraine (Article 1166 of the Civil Code of Ukraine)
      statute
    • Civil Code of Ukraine (Article 1049 of the Civil Code of Ukraine)
      statute
    • Civil Code of Ukraine (Article 216 of the Civil Code of Ukraine)
      statute
    • Bank St Petersburg PJSC v Arkhangelsky [2020] EWCA Civ 408, [2020] 4 WLR 55
      case
    • Phones 4U Ltd v EE Ltd [2025] EWCA Civ 869
      case
    • JSC Commercial Bank PrivatBank v Kolomoisky and others [2019] EWCA Civ 1708, [2020] Ch 783
      case
    • JSC Commercial Bank PrivatBank v Kolomoisky and others [2025] EWHC 1987 (Ch)
      case
    • JSC Commercial Bank PrivatBank v Kolomoisky and others [2025] EWHC 2909 (Ch)
      case

Matter record

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JSC Commercial Bank Privatbank v Igor Valeryevich Kolomoisky & Anor ([2026] EWCA Civ 658) · Matter