Volkov & Partners  ENG   РУС  УКР   

About Us

Volkov & Partners
Our Clients
Ukrainian Digest of International Trade Law


About UsOur PracticeLawyersCareerNewsSearch
Home  / About Us

NADRA BANK Misunderstands the President: No One Called for Disclosure of Debtors’ Names

Ukrainian Business Resource
October, 14

NADRA BANK was not obliged to disclose its borrowers’ names. Attorney-at-law of Volkov Koziakov & Partners Law Firm, Lesya Kovtun explains that in terms of legal analysis of provisions set forth in the Order there are no grounds for the Order to be deemed as void. Whereas the Order is not the act of direct application. But it gave banks no grounds and direct references as for disclosure of the borrowers’ information. «The Order of the President does not require banks to disclose information on borrowers, as Nadra has done referring to the Order. Such act is unlawful, since the Order may not amend provision of the Law on Banks and Banking Activity specifying the grounds for disclosure of bank secrecy.
NADRA BANK has definitely violated the Law on Banks and Banking Activity, infringed his borrowers’ rights and disclosure of this information is illegal. To initiate a criminal case, it is necessary to prove that disclosed parties have suffered material damage. Furthermore, intention of the bank official shall be proved as well».
To top

Releated Publications


Ukraine must settle the issues of certification of grain and elevators, the activities of the Guarantee Fund for the grain warehouse receipts


Compensation of losses of travel agencies to social and natural disasters possible with official declaration of force majeure, - Oleksyi Volkov


Iryna Polovets: "Investigation of the USA in the case about recognition of Ukraine the most “pirate” country can last 6-9 months"


Introduction of special import duties on cars contradicts WTO norms, says lawyer Andriy Zablotsky


Roman Drozhanskyi: “Lowering of quorum in joint stock companies will lead to more balanced management”


Resumption of Certain Requirements for Grain Certification Creates Barriers to Its Exports, Says Andrii Zablotskyi


Membership fee tax introduced from January 1, 2013 says new Law on NGO


Lenders do have right to collect debts from companies of FEC


Volkov and Partners Law Firm: Ukraine sets precedent, requesting the WTO to modify duties for almost 400 products


Additional Import Duty Requires Consultations with WTO Trade Partners – Lawyer

About Us   Our Practice   Lawyers   Career   News   Search   

© 2005-2016 Волков і Партнери. Оптимизация сайта — Aweb Site Map