Oleg Gorokhovsky, co-founder of Monobank and former PrivatBank executive, was found to have continued participating in business matters related to the bank’s former owners, Ihor Kolomoisky and Hennadiy Boholiubov, until June 2019, according to a decision by Justice William Trower of the High Court of Justice in London. The ruling highlights the ongoing involvement of former PrivatBank officials in the affairs of the bank’s ex-owners, which were nationalized in 2018. The decision underscores the complex web of business relationships that persisted even after the bank’s state takeover.
The court’s findings suggest that Gorokhovsky’s role extended beyond his official capacity at PrivatBank, indicating a continued interest in the business interests of Kolomoisky and Boholiubov. The decision has implications for understanding the dynamics of corporate governance and the lingering effects of privatization in Ukraine’s financial sector. The case also raises questions about the legal and ethical boundaries of post-nationalization business activities.
Legal experts have noted that such cases often involve intricate legal proceedings and the need to establish clear contractual obligations and responsibilities post-nationalization. The ruling by Justice Trower adds to the growing body of legal precedent addressing the post-nationalization activities of former executives and owners. It may serve as a reference point for similar cases in Ukraine and other countries where privatized assets have been taken back into state control.
The resolution of this case could have significant implications for the future of banking and corporate governance in Ukraine. It may influence how future privatizations are structured and managed, ensuring greater transparency and accountability in the management of state-owned enterprises. The case also highlights the importance of legal oversight in preventing the continuation of business interests that could conflict with state objectives post-nationalization.