Justice Secretary participates in the hearing of lawsuit against Cuba

Edited by Catherin López
2023-02-02 08:46:25



Photo: @/OscarCubaMinjus

Havana, Feb 2 (RHC) Cuban Minister of Justice Oscar Silvera Martínez is participating in the final days of the hearing at the High Court of England, in London, United Kingdom, corresponding to the lawsuit filed by the vulture fund CRF I Limited against the Banco Nacional de Cuba (BNC) and the Cuban State.


According to what the holder stated on Twitter, Cuba, and the BNC ratified that CRF has not been and is not its creditor, a truth they defend in the oral hearing that began last January 23.


A recent report in the Granma newspaper states that in the first days of the trial, representatives of the fund admitted that a lawsuit was considered an option since the steps were taken to try to get the debt securities that are now being debated.


After buying the debt at a low cost, CRF claims an amount that would mean, in any case, a net gain ranging between 1,200 and 2,000 percent of the value they paid, the article stresses.


The text specifies that the evidentiary material submitted includes e-mails and documents that have made it possible to describe the typical actions of the plaintiff, and thus to identify the actions of a vulture fund.


To support their position, the plaintiffs showed as a key piece of evidence the document issued by an official of the BNC, in which the alleged consent of the Bank, and therefore of Cuba, was given so that the rights as a creditor were transferred in favor of CRF.


According to the Granma article, the arguments heard that week in the High Court of England showed that CFR tried to illegally award itself two Cuban debts and immediately, in the absence of agreement and approval of these acts by the BNC and Cuba, established the lawsuit in London. (Source: ACN)


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