JSC Commercial Bank PrivatBank v Kolomoisky & Ors (Rev1) [2025] EWHC 2909 (Ch) (10 November 2025)

JSC Commercial Bank PrivatBank v Kolomoisky & Ors (Rev1) [2025] EWHC 2909 (Ch) (10 November 2025)

The Bank is entitled to judgment for the principal sums against the Individual and Corporate Defendants, with pre-judgment compound interest at a rate reflecting the weighted average of its US$-denominated borrowing (minimum 3%), compounded monthly, as this best reflects full compensation under Ukrainian law and the commercial value of money. Post-judgment interest is awarded at US Prime plus 2%. Costs are awarded to the Bank, with the basis of assessment and quantum to be determined. Judgment may be entered against a dissolved company under amended BVI law. Applications for extension of time for payment are refused absent a stay; the standard 14-day period applies unless a stay is granted.

Citation
[2025] EWHC 2909 (Ch)
Parties
Claimant: JSC Commercial Bank PrivatBank; First Defendant: Igor Valeryevich Kolomoisky; Second Defendant: Gennadiy Borisovich Bogolyubov; Third Defendant: Teamtrend Limited; Fourth Defendant: Trade Point Agro Limited; Fifth Defendant: Collyer Limited; Sixth Defendant: Rossyn Investing Corp; Seventh Defendant: Milbert Ventures Inc; Eighth Defendant: ZAO Ukrtransitservice Ltd
Jurisdiction
England and Wales
Judgment Date
10 November 2025
Procedural Posture
Civil Fraud / Commercial Claim / Post Trial, Consequentials Judgment
Outcome
Judgment for the Claimant.
Legal Topics
Compound Interest, Pre Judgment Interest, Post Judgment Interest, Costs, Jurisdiction, Restitution, Unjust Enrichment, Joint and Several Liability
Commercial Law Banking Law Fraud Private International Law Compound Interest Pre Judgment Interest Post Judgment Interest Costs +4 more

Case Brief

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Parties

JSC Commercial Bank PrivatBank

Claimant

Igor Valeryevich Kolomoisky

First Defendant

Gennadiy Borisovich Bogolyubov

Second Defendant

Teamtrend Limited

Third Defendant

Trade Point Agro Limited

Fourth Defendant

Collyer Limited

Fifth Defendant

Rossyn Investing Corp

Sixth Defendant

Milbert Ventures Inc

Seventh Defendant

ZAO Ukrtransitservice Ltd

Eighth Defendant

Procedural Posture

Civil Fraud / Commercial Claim / Post Trial, Consequentials Judgment

Legal Issues

  1. 1 Calculation of judgment sum against corporate defendants
  2. 2 Entitlement to compound or simple interest under Ukrainian law
  3. 3 Appropriate rate and period for pre- and post-judgment interest

Ratio Decidendi

The Bank is entitled to judgment for the principal sums against the Individual and Corporate Defendants, with pre-judgment compound interest at a rate reflecting the weighted average of its US$-denominated borrowing (minimum 3%), compounded monthly, as this best reflects full compensation under Ukrainian law and the commercial value of money. Post-judgment interest is awarded at US Prime plus 2%. Costs are awarded to the Bank, with the basis of assessment and quantum to be determined. Judgment may be entered against a dissolved company under amended BVI law. Applications for extension of time for payment are refused absent a stay; the standard 14-day period applies unless a stay is granted.

Court Disposition

Judgment for the Claimant.

Orders

  • Judgment entered against Individual Defendants jointly and severally for US$1,761,957,792 plus US$1,190,083,824 pre-judgment interest.
  • Judgment entered against Corporate Defendants severally for specified sums plus specified pre-judgment interest.