“The Supreme Court overturned the decisions of the previous instance and recognized the actions of the National Bank, which in December 2020 referred to JSC “City Bank” to insolvent, legal. The financial institution has lost a license, the procedure of its elimination began. This resolution is final and is not subject to appeal, the NBU press service reports. The judges of the Supreme Court came to the conclusion that previous instances have incorrectly applied the provisions of the Law on Banks and”, – WRITE ON: ua.news
The Supreme Court overturned the decisions of the previous instance and recognized the actions of the National Bank, which in December 2020 referred to JSC “City Bank” to insolvent, legal. The financial institution has lost a license, the procedure of its elimination began.
This resolution is final and is not subject to appeal, the NBU press service reports.
The judges of the Supreme Court concluded that the previous instances misapplicated the rules of the Law on Banks and Banking and without proper grounds overestimated the professional judgments of the NBU. In addition, the exclusive nature of the National Bank’s powers to classify the bank in the category of insolvent and unreasonably preferred the plaintiff’s arguments was not taken into account.
We will remind, in December 2024 the National Anti -Corruption Bureau of Ukraine (NABU) and the specialized anti -corruption prosecutor’s office (SAP) began investigations of the case against NBU officials, which do not recognize the insolvent “City of Bank” by People’s Deputy Ivan Fursin.
