It was very difficult for Privat's lawyers to keep the process in the UK: at first, the English court refused to consider this case, but the bank won the appeal.
At the same time, it is important that in its decision the London Court of Appeal
explicitly indicated that PrivatBank had indeed become a victim of “a fraud on an a particularly large scale, carefully planned by the former owners of the bank”.
The judgement on merits will have to wait for a long time: the first hearing on this case is scheduled for March 2022. Until then, the assets of Kolomoisky and Bogolyubov will remain frozen.