The court allowed a forced sale of the “daughter” of the Russian Bank

Суд разрешил принудительную продажу "дочки" российского банка

The Supreme Court lifted the ban on forced sale of Prominvestbank

The state Executive service was authorized to commit any actions for the sale of 99,77% stake in Prominvestbank.

The Supreme Court upheld the ruling of the Kyiv court of appeal of 27 August, which lifted the ban the State Executive service to perform any action on the sale 99,77% stake in Prominvestbank. On Monday, November 11, Finbalance reports with reference to the decision of the court of 6 November.

It is noted that the court refused to satisfy the cassation complaint of the Russian state Corporation VEB.Russia and its Ukrainian “daughter” Prominvestbank.

A ban on the sale of Bank shares was introduced by the resolution of Pechersky regional court of Kiev from 24.07.2019 on demand the WEB.Of the Russian Federation in the framework of his claim about removal of arrest from 99,77% stake in Prominvestbank.

We will remind, in September, the court of Kiev arrested the Central office of Prominvestbank in the capital and another 15 facilities owned by the institution.

It was also reported that Russian Vnesheconombank could not sell Prominvestbank, although previously it was announced about four customers in the Bank.

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