Bank of Russia: On termination of activity of provisional administration (4/8/2016)
OREANDA-NEWS. Due to the ruling of the Court of Arbitration of Moscow, dated 16 March 2016, with regard to case No. А40-12417/16-177-27B, on recognising insolvent (bankrupt) the credit institution Commercial Bank ERGOBANK, limited liability company, (Bank of Russia registration No. 2856, date of registration: 17 May 1994), and appointing a receiver in compliance with Clause 3 of Article 18927 of the Federal Law ‘On the Insolvency (Bankruptcy)’, the Bank of Russia took a decision (Order No. OD-1140, dated 8 April 2016) to terminate from 8 April 2016 the activity of the provisional administration of the credit institution Commercial Bank ERGOBANK, limited liability company, appointed by Bank of Russia Order No. OD-88, dated 15 January 2016, ‘On the Appointment of the Provisional Administration to Manage the Moscow-based Credit Institution Commercial Bank ERGOBANK, Limited Liability Company, or CB ERGOBANK LLC Due to the Revocation of Its Banking Licence’.