On April 4th, 2023, the High Court of England and Wales issued a decision stating that it should analyze whether or not the vulture fund CRF I Limited was a creditor of National Bank of Cuba (Banco Nacional de Cuba).
That decision was appealed by our financial institution and admitted by the higher court.
In response, the London Court of Appeal will hold a hearing on July 24th, 2024 to hear the claim.
Since the beginning of the process, promoted before the English courts by the vulture fund with the purpose of claiming a right it does not have, National Bank of Cuba (Banco Nacional de Cuba) has maintained that this economic entity is not its creditor and, therefore, there is no reason whatsoever to support such position.
The Banco Nacional de Cuba ratifies, once again, its permanent willingness to dialogue and respect the debts contracted with legitimate creditors, which has no relation whatsoever with an entity outside its financial instruments, as is the case of CRF I Limited.
Translated and edited by Dayla Perez Ortiz.
