Ukraine’s Deposit Guarantee Fund looking for executor who will recover lost assets in Crimea

Open source

The Deposit Guarantee Fund of Ukraine is looking for an executor to ensure services for provision with legal procedures at international arbitrations, the Fund’s press service reported.

This is related to the issue of recovery of compensation from Russian Federation for loss of investments by JSC Delta Bank in the territory of the Crimean Autonomous Republic as a result from their expropriation, nationalization or exposure to measures that equal to expropriation.

It is noted that the corresponding competition is held until December 3, at 10:00 a.m. Disclosure of bids is scheduled on December 3, at 2:30 p.m.

Note that the Guarantee Fund has been liquidating Delta Bank since October 2015. The Bank has been operating in Ukraine since 2006 and was the part of the largest banks group. Its main shareholders were businessman Mykola Lagun (70.61% shares) and Cargill Financial Services International Inc. (USA).