The Supreme Court of Ukraine
rejected a petition to review the ruling by the Higher Administrative Court of
Ukraine (hereinafter – the HACU), dated 28 July 2015, in a case connected with
claims filed by Mr Yurii Karmazin and Ms Natalia Tselovalnichenko against
Ukraine’s President Petro Poroshenko and Governor of the National
Bank of Ukraine Valeria Gontareva as a third party. The claimants
questioned the legitimacy of the Ukrainian President’s decision to appoint Ms Gontareva as
NBU Governor by arguing that she lacked the necessary senior managerial
experience in Ukrainian banks.
However, having listened to
the arguments put forward by both sides, the Supreme Court of Ukraine ruled to
reject the petition by Mr Karmazinand Ms Tselovalnichenko.
The Supreme Court of Ukraine stressed that the ruling is final and without
appeal.
The NBU states that the
Supreme Court of Ukraine has upheld the ruling by the HACU confirming the
legality of Ms Gontareva’s appointment as Governor of the NBU.
The HACU threw out a statement
of claim lodged by Mr Karmazin and Ms Tselovalnichenko against
Ukraine’s President Petro Poroshenko and NBU Governor Valeria Gontareva as
a third party.
The NBU stresses that the
rules of procedure for the appointment of the NBU Governor in 2014 were fully
in line with applicable laws.
Valeria Gontareva meets
all the eligibility criteria set out in Article 18 of the Law of Ukraine On
the National Bank of Ukraine. She has an irreproachable business reputation
and over 20 years of experience leading Ukrainian and international financial
institutions, as well as 11 years, 3 months, and ten days of senior managerial
experience in the banking industry.
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