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Bank Mikhailovsky May Acknowledged as Illegally Liquidated

Wednesday, 26 April 2017 17:02

During the last trial on the Bank Mikhailovsky case, the judges denied requests of the Individuals’ Deposit Guarantee Fund, aimed actually at delaying the process, UNN reports, quoting the representatives of former bank owners in the court.

In particular, the court denied IDIF’s request on the disclosure of additional evidence and disqualification of judges. The court considered the available evidence sufficient for taking the decision and went on records.

The court decision on the considered issue is expected in the near future.

Taking into account the presence of the opinion of legal examination on illegal and groundless declaration of Bank Mikhailovsky as insolvent, the decision on its illegal liquidation is expected for.

Expert Andrei Novak told how the court decision on the illegal liquidation of Mikhailovsky bank can influence the depositors. He emphasized that nobody will withdraw money, paid by IDIF to the depositors in the amount of guaranteed amounts.

“It referred only to the protection of reputation of these banks, which are illegally withdrawn from the market. There is and will be no mechanism for returning money, obtained by IDIF. That is why it is only the image steps of banks, which protected its reputation in the court and won recognition that NBU acted illegally against them”, A. Novak said.

It should be reminded that previously the Kyiv Appellate Administrative Court acknowledged illegal the NBU resolution on declaring Khreshchatyk Bank insolvent.

Previously, the same judgment were given in favor of some financial institutions, among which are Ukrinbank, Bank Premium, Veles Bank, Bank Union, Bank Capital, Kyiv Rus, SP Bank, arb Bank Radical.  

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