NBU requested qualification commission to punish judges who ruled out bank Soyuz liquidation

NBU requested qualification commission to punish judges who ruled out bank Soyuz liquidationThe National Bank of Ukraine (NBU) has asked Ukraine's high qualification commission of judges to apply disciplinary action to judges of the district administrative court in Kyiv because of their decision to void the liquidation of bank Soyuz, the regulator has reported on its website.

"The court ruling [voiding the liquidation of the bank] does not contain justified conclusions regarding proofs of the lawful decision of the NBU. The court did not take into account the conclusions of the higher administrative court in similar cases," the NBU said.

Additionally, Kyiv's court of appeals on April 26 did not uphold a claim of the NBU and Individuals' Deposit Guarantee Fund.

The NBU intends to file a counterclaim.

Read also: Share of non-performing loans in Ukrainian banking system exceeds 40%

The central bank also will appeal to the high qualification commission of judges regarding violations by the court of appeals.

The NBU said that the court on March 21, 2016 opened a case under a claim of S.Diadechko against the NBU, Deposit Guarantee Fund asking to declare invalid and revoke a resolution on voiding the bank Soyuz's license and its liquidation.

The court hearing was scheduled for March 24 and postponed for March 28.

The district administrative court of Kyiv on March 28 decided to uphold the claims. The court said that at the moment of issuing a decision to liquidate the bank, neither bank nor its officials were punished by administrative or criminal courts for money laundering.

The NBU believes that the absence of convictions in criminal cases does not constitute evidence of the absence of violations in financial monitoring laws by banks.
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