The facts
The UK Supreme Court refused Kolomoisky’s permission application on 29 October 2026, finding no arguable point of law of general public importance. [1]
The Supreme Court separately refused Bogolyubov’s application on the same date on the same stated basis. [2]
The Supreme Court case pages describe High Court liability of approximately US$1.9 billion, less the value of transferred assets. PrivatBank describes the total judgment as more than US$3 billion when interest and costs are included; these are different measures. [1][2][3]
PrivatBank and the Kyiv Independent report that enforcement proceedings can continue; no source reviewed establishes that the bank has recovered the disputed assets. [3][4]
Relevant context
The High Court found the former owners liable for fraud in 2023, and the Court of Appeal dismissed their appeal in May 2026, according to the Supreme Court records. [1][2]
Still unconfirmed
- The value and timing of any eventual recovery remain unknown.
- The outcomes of continuing enforcement steps were not established in the sources reviewed.
Sources
References support the numbered facts above. Source checks: 5 Nov 2026, 06:22 UTC.
The official Supreme Court pages establish both permission refusals and the decision date. The bank’s total figure includes interest and costs, while the Supreme Court pages state a lower High Court-liability measure. No asset recovery is claimed.
- Kolomoisky v PrivatBank, UKSC/2026/0102
UK Supreme Court · Primary source · 29 Oct 2026
Opened the official case page. It records permission to appeal refused on 29 October 2026 and gives the reason that no arguable point of law of general public importance was raised.
- Bogolyubov v PrivatBank, UKSC/2026/0125
UK Supreme Court · Primary source · 29 Oct 2026
Opened the official case page for the second former owner. It records permission refused on 29 October 2026.
- PrivatBank secures UK court decision rejecting former owners’ latest attempt to overturn judgment
PrivatBank · Primary source · 4 Nov 2026
Opened the bank’s 4 November statement. It says the total damages, interest and costs exceed US$3 billion; this amount is attributed to the bank and kept distinct from the Supreme Court’s High Court-liability figure.
- PrivatBank secures major victory in $3 billion battle against former oligarch owners
The Kyiv Independent · Reporting · 4 Nov 2026
Opened the independent report. It describes the refused appeal and notes that asset recovery may be lengthy; it does not report that assets were recovered.