The Law of Getmantsev violates the Constitution of Ukraine

Bill No. 13007, proposed by the Chairman of the Verkhovna Rada Committee on Finance, Tax and Customs Policy, Daniel Hetmantsev, causes serious fears among experts and human rights defenders. It envisages a significant expansion of the powers of the Deposit Guarantee Fund (FGIF) and, according to critics, creates corruption risks, violates the Constitution and limits the rights of depositors.

In particular, the bill proposes to change the procedure for liquidation of banks, allowing FGIF to make decisions without proper control by the judicial authorities, which can lead to non -transparent distribution of assets of liquidated banks. In the case of adopting this bill, the processes related to the elimination of banks can become "manual", which opens the door for corruption schemes.

One of the biggest problems is the restriction of depositors' rights for timely receipt of funds and the possibility of appealing against FGIF decisions. The bill proposes to shorten the term of appeal to one month, which, according to experts, creates the preconditions for abuse and violates citizens' rights to a fair court.

In addition, the bill stipulates that FGIF will be able to transfer assets of liquidated banks without open competitions and estimate of market value, which increases the risks for corruption schemes and creates the conditions for the sale of assets at low prices attached by attached companies.

The bill is also contrary to the requirements of the International Monetary Fund (IMF), because at a time when the IMF demanded an improvement in the mechanisms for the protection of depositors and transparency, this document actually reduces the level of confidence in the financial system of Ukraine and poses additional threats to its stability.

Under war and economic instability, it is necessary to strengthen the mechanisms for the protection of citizens' rights and to create a stable financial system, and not to give opaque powers to bodies that manage the assets and deposits of Ukrainians.

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