Bank of Russia views court decision on immediate recovery from Euroclear as fair

MOSCOW: The Bank of Russia considers that the court decision on immediate enforcement in litigation with Euroclear as fair, the regulator’s ...

MOSCOW: The Bank of Russia considers that the court decision on immediate enforcement in litigation with Euroclear as fair, the regulator’s press service told TASS.

"The Bank of Russia views the court decision on immediate enforcement as fair because the court did not merely address the fact of continuing violation but also the real risk that the enforcement delay will result in further protraction in reinstatement of violated rights," the Central Bank said.

The Bank of Russia also said that "the issue of the judicial act on the immediate enforcement of the decision does not deprive Euroclear of process remedies, including the right to appeal against the decision on the merits and the ruling on immediate enforcement of the decision to superior court instances."

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