DEPOSIT GUARANTEE FUND (DGF)
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LEGBANK PJSC

Briefing note on winding-up of LEGBANK PJSC by the DGF

Full name of the bank being liquidated
PUBLIC JOINT STOCK COMPANY «LEGBANK»
Short name of the bank being liquidated
LEGBANK PJSC
Resolution of the National Bank of Ukraine (NBU) declaring insolvency of the bank
NBU Board’s Resolution dated November 27, 2014 # 744 on Classification of PUBLIC JOINT STOCK COMPANY «LEGBANK» to the Category of Insolvent.
Decision of the Deposit Guarantee Fund’s (hereinafter – the DGF) Executive Directorate introducing provisional administration in the bank
The DGF Executive Directorate issued Decision dated November 27, 2014 # 133 on Introducing Provisional Administration in LEGBANK PJSC.
Duration of provisional administration
From November 28, 2014 through February 26, 2015, LEGBANK PJSC was under provisional administration. The DGF carried out the provisional administration through the authorized officer.
NBU resolution on liquidation
On February 26, 2015, the NBU Board approved Resolution # 135 on Revocation of the Banking License and Liquidation of PUBLIC JOINT STOCK COMPANY «LEGBANK».
DGF Executive Directorate’s decision on commencement of the liquidation procedure
On February 27, 2015, the DGF Executive Directorate issued Decision # 41 on Commencement of the Liquidation Procedure of LEGBANK PJSC and Appointment of the DGF Officer Authorized to Liquidate the Bank. In accordance with Subparagraph 1 of Part 2 of Article 46 of the Law of Ukraine on the Household Deposit Guarantee Scheme (hereinafter – the Law), from the starting day of the bank liquidation procedure terminated shall be all the powers of the bank governance bodies (general meeting, supervisory board and management board) and bodies of control (audit committee and internal audit). Senior managers of the bank are dismissed in connection with the bank liquidation.
Starting day of the bank liquidation
On February 27, 2015, the DGF initiated the liquidation procedure of LEGBANK PJSC, appointed the DGF authorized officer and delegated to the officer the powers of LEGBANK PJSC liquidator.
Date when the bank liquidation was announced
On March 5, 2015, the official announcement of LEGBANK PJSC liquidation was published in the Holos Ukrainy newspaper.
Deposit payout period
From March 6, 2015 to February 24, 2020.
Liquidation procedure period
Liquidation procedure of LEGBANK PJSC lasted from February 27, 2015 to March 3, 2020.
Date of making an entry into the Unified State Register of Legal Entities and record number
On March 3, 2020, record # 10681110031004202 on the state registration of LEGBANK PJSC termination was entered into the Unified State Register of Legal Entities, Sole Proprietors and Public Associations.
Special powers of DGF in terms of recovering damages (loses) caused to the bank and/or its creditors
According to Part 7 of Article 52 of the Law, the DGF enjoys the right to apply to courts of an appropriate jurisdiction (including foreign courts) with a lawsuit seeking damages (losses) caused to the bank in case of:
- finding the decisions, actions or omissions resulted in damages (losses) to the bank and/or its creditors;
- identifying the persons who contributed to such decisions-making, actions or omissions and/or received pecuniary benefits;
- determining the amount of damages (losses) suffered.
DGF enjoys the right to file such lawsuits with the courts of an appropriate jurisdiction (including foreign courts) during the bank liquidation procedure and three years after making the bank termination record (special statute of limitations).