The arbitration will consider on August 15 the statement of “Ugra” about the illegality of the decisions of the Central Bank
The arbitration court of Moscow has accepted to manufacture and appointed on 15 August preliminary hearing, the Bank “Ugra”, which were in the top 30 in Russia by total assets, with the requirement to recognize illegal decisions and actions of the Central Bank of the Russian Federation, follows from the information in the files of arbitration cases.
The statement submitted to arbitration on July 24. As announced on 25 July, RIA Novosti in the PR Agency representing the interests of the Chairman of the Bank “Ugra” Dmitry Shilyaeva, in his lawsuit challenged the orders of the Central Bank about the introduction of temporary administration in the “Yugra” and the Declaration of a moratorium on the payment of cash.
Central Bank of the Russian Federation from July 10 imposed a three-month moratorium on satisfaction of creditors ‘ claims of “Ugra” and put the Agency on insurance of contributions (ASV) the functions of the provisional administration of the Bank a period of six months. As has explained then the Chairman of the Central Bank Vasily Pozdyshev, the regulator sees signs of unreliable statements of the Bank and suspects him of the withdrawal of assets and the manipulation of the deposits.A lawsuit against the Bank to arbitration was filed by former head of the Bank “Ugra” Dmitry by Silaeva
The Prosecutor General’s office on 19 July demanded to cancel the orders of the Central Bank. She sent ASV a warning about the inadmissibility of payments to depositors of “Ugra”. However, the selected agent banks on 20 July have begun to pay depositors of the “Ugra” insurance reimbursement, which will be one of the biggest insurance cases for the period of “cleaning up” the banking system of the country. According to the Central Bank, the volume of deposits in the “Yugra” on June 1 was estimated at 180 billion rubles to 170 billion rubles of which are insured in the Deposit insurance Agency.
As noted Shilyaev, according to the law on insolvency of credit institutions, the Central Bank may appoint an interim administration, including if recorded at the same time lowering capital over the last 12 months, more than 30% and a violation of one of the required ratios established by the regulator. But when dosoznanie reserves none of the mandatory standards of the Bank was not broken, said the former head of the Bank. The Bank’s principal owner is businessman Alexei Khotin, which controls 52.5 per cent of the capital.
The bankruptcy law provides that in case of suspension of powers of Executive bodies of the Bank for the period of interim administration, the head of the credit institution, had the right to act on behalf of the Bank without power of attorney, can represent its interests in arbitration court with the appeal against the decision of the Central Bank on appointment of provisional administration to manage the credit institution.