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Ukraine’s Constitutional Court to consider constitutionality of law on banking activity

Source : 112 Ukraine

The submission was received on Thursday, June 11
16:38, 12 June 2020

Open source

Constitutional Court of Ukraine has received a constitutional petition on the constitutionality of the Law "On Amendments to Certain Legislative Acts of Ukraine Concerning the Improvement of Mechanisms for Regulation of Banking Activity". This was reported by the court’s press service.

It is reported that the submission was received on Thursday, June 11. It was presented by 64 MPs.

Related: Volker explains how vote on ‘banking’ bill couldhave impact on Ukraine's future

"Law ‘On Amendments to Certain Legislative Acts of Ukraine Concerning the Improvement of Mechanisms for Regulation of Banking Activity’, its separate provisions, as well as provisions of other legislative acts as amended by this law are under consideration in the Constitutional Court on the compliance with the Constitution of Ukraine," the message reads.

As we reported earlier, on May 21, President of Ukraine Volodymyr Zelensky signed the law No 590-IX, which offers changes to legislative acts concerning the mechanism of regulation of banking activity in Ukraine.

The document places an ultimate ban on returning the nationalized banks to their previous owners.

Related: Ukrainian parliament unblocks signing of law on banking activity

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