Huge compensation: “A moment ago, the Provincial Administrative Court decided that the takeover of Getin Noble Bank was made by the PFSA and BFG contrary. The court issued such a ruling in the footsteps of Behind the judgment of the CJEU. Owners and GNB bondholders will be entitled to huge compensation, “Roman wrote on Wednesday, January 29 Giertych.
Court judgment: After the analysis, the Court stated that adequate structural arrangements were not introduced to ensure operational independence and avoiding a conflict of interest Between the various functions of the Bank Guarantee Fund (BFG), i.e. the function of the curator bank (temporary administrator), the function of a compulsory body of restructuring and warranty function. “The contested BFG decision regarding the initiation of forced restructuring against Getin Noble Bank SA was issued in the conditions not confirming the requirements of impartialitywhich should be met in the procedure of her undertaking, “we read.
“Distorted process”: The Provincial Administrative Court in Warsaw decided that since the contested decision was made in the conditions of failure to comply with the above requirements, “we are dealing with a distorted process of making a decision, which, according to the court, could have a significant impact on the outcome of the case.” The verdict is unlawful. Getin Holding issued a message on this matter. “The Provincial Administrative Court in Warsaw in the case of the complaint of the Supervisory Board of Getin Noble Bank SA issued a judgment confirming the issuing of a decision on the initiation of forced restructuring against bankdiscontinuing the bank's capital instruments, the use of a forced restructuring instrument in the form of a bridging institution and the establishment of a bank administrator ” – emphasized.”
Read more On this subject in the text: “Getin Noble Bank ceases to exist. The end of a well -known bank. What about customer money?“.
Sources: Roman Giertych on X, WSA in Warsaw, PAP