On February 26, 2021, the Cassation Court, as part of the Supreme Court, finally rejected the cassation appeal of the shareholders of PJSC Green Bank to declare the National Bank's decision to revoke the banking license and liquidate the said bank unlawful and to annul it, reports press office NBU.
The court also rejected the request to compel the National Bank to return the banking license to Green Bank PJSC. The plaintiffs in this case were the bank's minority shareholders, Margo Group LLC and Maximus i K LLC, which each own 9,9152% of the bank's shares.
The court cited the plaintiffs' failure to prove their right to file such a claim in court in the bank's interests as grounds for dismissing the shareholders' cassation appeal, as they were not controlling shareholders and were not part of the bank's management structures.
According to the findings of the Grand Chamber of the Supreme Court and taking into account the practice of the European Court of Human Rights, these conditions are mandatory for filing such a claim in court in the interests of the bank.
Therefore, the cassation court amended the ruling of the Kyiv Administrative Court of Appeal dated May 17, 2016, in this case in terms of the reasons for refusing to satisfy the claims of Margo Group LLC and Maximus and K LLC," the statement reads.
The decision of the Supreme Court is final in the given court case and is not subject to appeal.
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