The Verkhovna Rada of Ukraine adopted as a basis the draft law on amendments to article 1058 of the Civil Code of Ukraine (re bank’s responsibility for violation of a deposit agreement)

Information Department of the Verkhovna Rada of Ukraine Secretariat
Published on 02 July 2014, at 11:10

The bill (Reg. No. 2202) stipulates banks’ responsibility for violation of a deposit agreement regarding timely return of deposits in the form of payment of a fine amounting to one per cent of the deposit amount to the bank depositor.

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