The Supreme Court of the United Kingdom on 4 November 2026 refused permission to appeal to former co‑owners of PrivatBank, Ihor Kolomoisky and Hennadiy Boholiubov, the press service of PrivatBank said. After that the appeal process is considered complete, and the bank can proceed with enforcement of more than $3 billion.
Supreme Court ruling and completion of the appeal process
The court denied the former owners permission to pursue further appeals against the order to recover more than $3 billion. The bank’s press service said this closes the appeal process within the UK justice system.
“This means the appeal procedure is complete. The July 2025 judgment can now be enforced in any jurisdiction,” PrivatBank said. The bank stated its intention to continue work on enforcing the judgment.
Timeline of the legal dispute and the amount to be recovered
The High Court of England in July 2025 found Ihor Kolomoisky and Hennadiy Boholiubov liable for large‑scale fraud against the bank. On 10 November 2025 the court set the amount to be recovered at over $3 billion, which includes compensation for losses, interest and legal costs.
On 22 May 2026 the Court of Appeal of England and Wales dismissed the former owners’ appeals. They then applied to the Supreme Court of the United Kingdom, which on 4 November 2026 refused them permission to bring a further appeal.
Enforcement of the judgment and state of funds
PrivatBank said it continues to work on enforcing the court judgment and can carry out recoveries in any jurisdiction. The bank’s statement reiterated that the appeal procedure is complete.
At the same time, the statement stressed that the refusal to allow further appeal does not mean that more than $3 billion have already been paid into the bank’s accounts.
