Cuban Minister of Justice to participate in London debt hearings

Edited by Catherin López
2023-01-31 23:46:53



London, Jan 31 (RHC) Cuban Justice Minister Oscar Silvera said Tuesday that he will participate in the final days of the hearing in the High Court of England, where a dispute over several debt securities is being settled.


Silvera said on his Twitter account that he arrived in London to defend the truth of his country, and affirmed that the National Bank and Cuba ratify that CRF I Limited is not and has not been its creditor.


Cuba´s Minister of Justice joins the group of representatives participating in the trial corresponding to the lawsuit filed by the vulture fund CRF I Limited, whose first week of work uncovered elements that allow understanding Cuba´s position, according to the newspaper Granma.


In this sense, the publication pointed out that when questioned by the English barrister leading the defense in favor of the Banco Nacional de Cuba (BNC) and the Republic of Cuba, the representatives of the fund admitted that from the beginning of the process, they considered the lawsuit.


CRF claims that it is a legitimate creditor of two debts contracted in the 1980s, while the bank and the Cuban State maintain that the fund has never been and is not a creditor of the Caribbean nation.


The alleged consent of the Bank, and therefore of the country, which was used as fundamental evidence by CRF I Limited, is contested by the Cuban legal team since the official responsible for its preparation and signature admitted in his statement before the Court that he was aware of committing an illegal act.


The witness also acknowledged that his actions were the result of the promise of a bribe from representatives of the fund, the Cuban newspaper added.


In addition, other requirements were violated, such as a special type of paper with security characters, the presence of two type A signatures, as well as its registration in the official registry of debt assignments.


This week the sessions continue and the final arguments of the barristers of each party will be heard, acts in which the Cuban Minister of Justice will participate. (Source: Prensa Latina).


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