Lawyer: Companies-borrowers of Concord Bank may appeal against the inaction of the Guarantee Fund

Lawyer: Companies-borrowers of Concord Bank may appeal against the inaction of the Guarantee Fund

Kyiv  •  UNN

November 21 2023, 08:57 AM  •  163746 views

Attorney Serhiy Lysenko commented on the possibility of appealing against the inaction of the Deposit Guarantee Fund by the borrowers of Concord Bank. He explained the administrative appeal procedure.

 Companies that took out loans from Concord Bank as collateral for their deposits and have been forced to pay interest on their loans since the bank's liquidation began, without receiving any income from their deposits (which no longer accrue interest), may challenge the inaction of the Deposit Guarantee Fund. This opinion was expressed in a commentary to UNN by by lawyer Serhiy Lysenko.

 If there are sufficient grounds, it is possible to appeal against the DGF's inaction. The appeal is made in an administrative manner. It is possible to send a lawyer's request to the DGF with a request to provide information on the status of consideration of applications and the deadline for making a decision. The response to the lawyer's request must be provided within 5 business days from the date of receipt of the request 

- the lawyer explained the procedure.

UNN reported on companies that took out a loan secured by a deposit at Concord Bank, and with the start of the bank's liquidation procedure, continue to pay interest on the loan. The companies have repeatedly applied to the Deposit Guarantee Fund to restructure the interest on the loan or to withdraw the deposit to repay the loan. However, the situation has remained unresolved since August 1, when the NBU announced the liquidation of Concord Bank and revocation of its license.

Currently, the companies are studying the possibility of appealing to law enforcement agencies due to the negligence of the representatives of the Guarantee Fund . According to lawyers, it is the Fund that has legal grounds to solve the problem, which negatively affects the activities of enterprises, because the decision of the Fund will allow, in particular, to use the deposit secured by the loan to repay the loan.

In general, as Lysenko explains, there are general rules.

"To ensure the proper fulfillment of the Obligation arising from the Loan Agreement, the Pledgee shall transfer and the Pledgee shall accept as collateral in the manner and on the terms and conditions specified in this Agreement the Pledged Property owned by the Pledgor. The procedure for satisfying the pledgee's claims at the expense of the pledged item is determined in the relevant Agreement," the lawyer explains, specifying that the procedure for foreclosure and crediting the deposit as collateral is set forth in the pledge agreement.

READ ALSO: Lawyer: Procedures for calculating interest by a bank whose license has been revoked are illegal

News by theme

Lawyer: Companies-borrowers of Concord Bank may appeal against the inaction of the Guarantee Fund

Attorney Serhiy Lysenko commented on the possibility of appealing against the inaction of the Deposit Guarantee Fund by the borrowers of Concord Bank. He explained the administrative appeal procedure.

Economy • November 21 2023, 08:57 AM  •  163746 views
Exclusive
  Lawyer: Companies-borrowers of Concord Bank may appeal against the inaction of the Guarantee Fund

Rector of the UOC-MP church in Vinnytsia region is served with a notice of suspicion: praised Zakharchenko, "Givi" and "Motorola"

The rector of a UOC (MP) church in Vinnytsia region was served a notice of suspicion for praising terrorists and justifying Russian aggression. The SBU found evidence of the suspect's subversive activities.

Crimes and emergencies • November 21 2023, 08:51 AM  •  8681 views
Rector of the UOC-MP church in Vinnytsia region is served with a notice of suspicion: praised Zakharchenko, "Givi" and "Motorola"

"This is a war": Zelensky responds to a question about the possibility of eliminating Putin

President answers questions about Putin in interview with The Sun.

War • November 21 2023, 08:39 AM  •  4711 views
"This is a war": Zelensky responds to a question about the possibility of eliminating Putin

Ursula von der Leyen congratulated Ukrainians on the anniversary of Euromaidan and spoke about Ukraine's future in the European Union

The President of the European Commission congratulated Ukrainians on the anniversary of Euromaidan and spoke about Ukraine's future in the European Union. Ursula von der Leyen wrote about this on the social network X.

Politics • November 21 2023, 08:31 AM  •  3386 views
Ursula von der Leyen congratulated Ukrainians on the anniversary of Euromaidan and spoke about Ukraine's future in the European Union

Four more children to be evacuated from dangerous communities in Kupyansk region

In the Kupyansk district, 292 children have already been evacuated, and 4 more children are to be evacuated. Evacuation efforts are ongoing, and the government has set up collection and reception centers for evacuated children

Society • November 21 2023, 08:19 AM  •  9602 views
Four more children to be evacuated from dangerous communities in Kupyansk region

Russians attacked Zaporizhzhia region more than 100 times in one day, carried out 10 UAV attacks

On Tuesday, Russian occupants fired 107 times at Zaporizhzhia region, including 10 times with the help of unmanned aerial vehicles. There were no casualties. There is damage to residential buildings and infrastructure.

War • November 21 2023, 08:18 AM  •  2916 views
Russians attacked Zaporizhzhia region more than 100 times in one day, carried out 10 UAV attacks

Zelensky said that attempts on his life are becoming easier with each new attempt

Attempts on Zelensky's life are becoming easier to take with each new attempt. He compared them to the first outbreak of the Covid19 pandemic

War • November 21 2023, 08:10 AM  •  4260 views
Zelensky said that attempts on his life are becoming easier with each new attempt

One case of hepatitis A recorded in Kyiv region

One case of hepatitis A was reported in Brovary, Kyiv region. The infection occurred most likely through household contact

Health • November 21 2023, 08:08 AM  •  18039 views
One case of hepatitis A recorded in Kyiv region

Transparency of the use of charitable funds: MHP-Hromada Charity Foundation received a positive audit report from PwC

Passing an audit is a necessary step for charitable foundations for reasons of transparency, responsibility to donors and society, as well as to confirm compliance with high standards of financial management and legal norms.

Society • November 21 2023, 08:00 AM  •  3742 views
Transparency of the use of charitable funds: MHP-Hromada Charity Foundation received a positive audit report from PwC

An enemy missile was destroyed over Dnipro region

Air defense forces eliminated an enemy missile over Dnipro region.

War • November 21 2023, 07:58 AM  •  3823 views
 An enemy missile was destroyed over Dnipro region